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575 Grand Street

Goose Property Management Secures $108.5M Loan From Apollo Global Management For 185-Unit Multifamily
FINANCEDMultiFamily

Goose Property Management Secures $108.5M Loan From Apollo Global Management For 185-Unit Multifamily

575 Grand Street

$108,500,000

Building Size

Asset Type

MultiFamily

Closing

Mar 26, 2025

AI

A multifamily asset consisting of 185 units is located at 575 Grand Street in the East Williamsburg market. The property has secured a loan amount of $108,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,500,000
  • Lender: Marc Rowan - Apollo Global Management
  • Landlord: Yitzchok Katz - Goose Property Management
  • Broker: Henry Bodek - Galaxy Capital

The financing was secured by Goose Property Management, led by Yitzchok Katz, from Apollo Global Management for its rental property at the specified address. Henry Bodek from Galaxy Capital represented the broker involved in this transaction.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
Marc Rowan

Marc Rowan

Apollo Global

Lender

$1.6B

vol

20 deals

Lender
Simon Dushinsky

Simon Dushinsky

Rabsky Group

Landlord

$1.6B

vol

18 deals

Landlord

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93