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
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