Updated Jul 16, 2026
Harbor Group International Secures $76.2 Million Refinance Loan From NewPoint Real Estate Capital For MultiFamily Asset
564 Saint Johns Place
$76,200,000
$556/SF
Building Size
136,864 SF
Asset Type
MultiFamily
Closing
Mar 26, 2025
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 564 Saint Johns Place in New York City. The loan amount secured for this asset is $76,200,000.00, and it is classified as a refinance loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $76,200,000.00
- Lender: NewPoint Real Estate Capital
- Landlord: Harbor Group International
- Loan Date: 03/26/2025
The deal was supported by NewPoint Real Estate Capital as the lender, facilitating the refinancing for the landlord, Harbor Group International. This transaction reflects the strategic financial maneuvers involved in the management of multi-family properties in the market.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93