Updated Mar 4, 2026
Arbor Realty Trust Provides $97M Loan For Multifamily Property In Brooklyn
564 St Johns Pl, Brooklyn, NY 11238, USA
$97,000,000
$2,861/SF
Building Size
33,900 SF
Asset Type
MultiFamily
Closing
Aug 2, 2018
About this deal
AI
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
New York 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93