Valley National Bank Provides $44M Refinancing For Boerum Hill, Brooklyn Multifamily Properties

The multifamily property located at 595 Baltic Street & 577 Baltic Street in Boerum Hill, Brooklyn has recently undergone a refinance transaction. With a total square footage of 79,978 and a total of 97 units, this property offers a lucrative investment opportunity in the thriving market of Boerum Hill.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Address: 595 Baltic Street & 577 Baltic Street
• Market: Boerum Hill, Brooklyn
• Landlord: Adam America Real Estate - Ron Vaksin

Valley National Bank played a crucial role in this transaction by providing a loan amount of $44,000,000 to facilitate the refinance. Adam America Real Estate, represented by Ron Vaksin, served as the landlord in this deal. This collaboration between the lender and the landlord demonstrates the strong financial support and strategic decision-making involved in this multifamily property refinance.