Updated Oct 28, 2026
Morris Betesh, Jack McPhail & Alex Ellman Of Arrow Real Estate Advisors Secures $15,000,000 Refinance For Multifamily Asset In Brooklyn
629 Chauncey Street
$15,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The asset involved is a multifamily property located at 629 Chauncey Street in Brooklyn. A refinancing transaction took place with a loan amount of $15,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Loan Type: Refinance
- Landlord's Representative: Morris Betesh, Jack McPhail & Alex Ellman - Arrow Real Estate Advisors
- Date of Transaction: 10/15/2026
The transaction was facilitated by the representatives from Arrow Real Estate Advisors, specifically Morris Betesh, Jack McPhail, and Alex Ellman, who played a crucial role in coordinating the refinance process for the landlord.
On the Map
$15,000,000
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93