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Arbor Realty Trust Provides $97M Loan For Multifamily Property In Brooklyn

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FINANCED
$97,000,000

New York

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MultiFamily33,900 SF
Financed 08/03/2018
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Property Image
FINANCED

Arbor Realty Trust Provides $97M Loan For Multifamily Property In Brooklyn

564 St Johns Pl, Brooklyn, NY 11238, USA

See Similar Deals
MultiFamily33,900 SF
Financed 08/03/2018
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,861
Total Square Footage:33,900 SF
Transaction Type:Loan

Ivan Kaufman, Toby Moskovits, and Michael Lichtenstein were involved in a closed property transaction at 564 St. John’s Place in Brooklyn, New York. The property, a multifamily asset, was financed by a loan of $97,000,000 from Arbor Realty Trust. Toby Moskovits and Michael Lichtenstein acted as the landlord/developer in this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $97,000,000
  • Address: 564 St. John’s Place, Brooklyn, New York
  • Lender: Arbor Realty Trust
  • Landlord/Developer: Toby Moskovits and Michael Lichtenstein

The key individuals involved in this deal include Ivan Kaufman, Toby Moskovits, and Michael Lichtenstein. Ivan Kaufman is a representative of Arbor Realty Trust, the lender in this transaction. Toby Moskovits and Michael Lichtenstein, on the other hand, acted as the landlords/developers for the property at 564 St. John’s Place.

Players

Steven Vegh
Westwood Realty Associates
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER
Steven Vegh
Westwood Realty Associates
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER
Arbor Realty Trust
Arbor Realty Trust
LENDER

Details

FINANCED
IMAGE: Ivan Kaufman, @TobyMoskovits and Michael Lichtenstein DATE: 08/03/2018 ADDRESS: 564 St. John’s Place MARKET: Brooklyn CITY: New York ASSET TYPE: Multifamily LENDER: Arbor Realty Trust LANDLORD/DEVELOPER: Toby Moskovits and Michael Lichtenstein LOAN AMOUNT: $97,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$97,000,000.00

Monthly NOI$646,666.67
Monthly Debt Service$613,105.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00