Updated May 12, 2025
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
About this deal
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.
On the Map
$108,500,000
MultiFamily
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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