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Goose Property Management Secures $108.5M Loan From Apollo Global Management For 185-Unit Multifamily
FINANCED
New York
See Similar DealsMultiFamily
Financed 03/26/2025
FINANCED
Goose Property Management Secures $108.5M Loan From Apollo Global Management For 185-Unit Multifamily
575 Grand Street
See Similar DealsMultiFamily
Financed 03/26/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$108,500,000.00
Monthly NOI$723,333.33
Monthly Debt Service$685,793.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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