Radson Development Acquires 160-Unit Multifamily In East New York For $65.7M

573 Emerald Street, also known as Linden Blvd. (Phase 2), located in East New York, was recently involved in a closed transaction. This multifamily property consists of 160 units, making it a significant asset in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $65,740,483
• Lender: New York City Housing Development Corporation
• Landlord: Radson Development - Daniel Rad

The New York City Housing Development Corporation provided a loan amount of $65,740,483 for the transaction. The landlord in this deal is Radson Development, represented by Daniel Rad.