JLL Real Estate Capital Provides $29.7 Million Acquisition Loan For Boerum Hill Multifamily Property

The asset involved in this transaction is a MultiFamily property located at 577 and 595 Baltic Street in Boerum Hill, Brooklyn. It features a gross building area of 79,978 square feet and comprises 97 units. The loan amount secured for the acquisition of this property is $29,700,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $29,700,000
• Address: 577 and 595 Baltic Street
• Market: Boerum Hill, Brooklyn
• Gross Building Area: 79,978 SF
• Units: 97
• Lender: JLL Real Estate Capital
• Loan Type: Acquisition
• Broker Representatives: Michael Shmuely, Michael Zaremski & John Flynn - JLL

The transaction involved broker representatives Michael Shmuely, Michael Zaremski, and John Flynn, who are affiliated with JLL. Their involvement highlights the expertise brought to the acquisition of this multifamily asset.