facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

555 Ocean Avenue

Daniel Wiener Of Chestnut Holding Secures $7.8M Refinance Loan From JPMorgan Chase For Multifamily Building
FINANCEDMultiFamily

Daniel Wiener Of Chestnut Holding Secures $7.8M Refinance Loan From JPMorgan Chase For Multifamily Building

555 Ocean Avenue

$7,800,000

$75/SF

Building Size

103,472 SF

Asset Type

MultiFamily

Closing

Jul 3, 2025

AI

The asset involved in this transaction is a multifamily property located at 555 Ocean Avenue, Flatbush, Brooklyn. This building encompasses a total square footage of 103,472 and consists of 85 units. A refinance loan of $7,800,000 was secured for this property.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $7,800,000
  • Loan Type: Refinance
  • Lender: JPMorgan Chase
  • Landlord: Daniel Wiener - Chestnut Holding

Chestnut Holdings, through 555 O LLC, is the borrower in this refinance transaction, demonstrating their involvement in the financing of this multifamily asset in Brooklyn.

Players

Chestnut Holdings
Chestnut HoldingsLandlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93