Goose Property Management Secures $80M Refinance From Affinius Capital For 163 Unit Multifamily Development
570 Fulton Street
$80,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2025
AI
The asset involved in this transaction is a multifamily development located at 570 Fulton Street in Downtown Brooklyn, consisting of 163 units. The property underwent refinancing with a secured loan amount of $80,000,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Address: 570 Fulton Street
- Market: Downtown Brooklyn
- Landlord: Yitzchok Katz - Goose Property Management
- Lender: Len O'Donnell - Affinius Capital
- Broker: Henry Bodek - Galaxy Capital
- Loan Type: Refinance
- Units: 163
Yitzchok Katz, representing Goose Property Management, secured the refinance loan from Len O'Donnell of Affinius Capital to facilitate the completion of this multifamily development project. The brokerage for this transaction was managed by Henry Bodek of Galaxy Capital.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93