facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

570 Fulton Street

Goose Property Management Secures $80M Refinance From Affinius Capital For 163 Unit Multifamily Development
FINANCEDMultiFamily

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:

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

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker

Len O'Donnell

Affinius Capital

Lender

$3.1B

vol

13 deals

Lender
Affinius Capital
Affinius CapitalLender
Yitzchok Katz

Yitzchok Katz

Goose Property Management

Landlord

$718.7M

vol

10 deals

Landlord

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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93