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597 Grand Street

Goose Property Management Secures $108.5 Million Refinance Loan From Marc Rowan In Brooklyn
FINANCEDMultiFamily

Goose Property Management Secures $108.5 Million Refinance Loan From Marc Rowan In Brooklyn

597 Grand Street

$108,500,000

Building Size

Asset Type

MultiFamily

Closing

Mar 21, 2025

AI

The asset involved in this transaction is a multifamily property located at 597 Grand Street in Williamsburg, Brooklyn. The building encompasses a total square footage of 93,259 and is part of a refinancing loan arrangement involving multiple properties.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,500,000
  • Lender: Marc Rowan - Apollo Global Management
  • Landlord: Yitzchok Katz - Goose Property Management
  • Loan Type: Refinance

This refinancing loan was secured by Goose Property Management, which is represented by Yitzchok Katz. The lender for this transaction, Marc Rowan, is associated with Apollo Global Management, illustrating the involvement of established entities in the deal.

Players

Marc Rowan

Apollo Global

Lender

$1.6B

vol

20 deals

Lender
Apollo Global
Apollo GlobalLender
Yitzchok Katz

Yitzchok Katz

Goose Property Management

Landlord

$718.7M

vol

10 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