Robert Kahen Secures $24 Million Refinance Loan For Multi-family Building In Brooklyn Heights
67 Livingston Street
$24,000,000
$578/SF
Building Size
41,500 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
AI
The asset involved in this transaction is a multi-family residential building located at 67 Livingston Street in the Brooklyn Heights neighborhood of Brooklyn. The property has a total square footage of 41,500. The refinancing transaction involves a loan amount of $24,000,000.
Summary of transaction details:
- Property Type: Multi-Family
- Transaction Amount: $24,000,000
- Address: 67 Livingston Street
- Market: Brooklyn Heights, Brooklyn
- Landlord: Robert Kahen
- Lender: Derby Copeland Capital
- Loan Type: Refinance
- Number of Units: 22
Robert Kahen executed the refinancing of the property through his entity, 67 Livingston LLC, indicating the financial maneuvering behind the management of this residential asset. The lender, Derby Copeland Capital, provided the refinancing to support the continued operation and management of the building.
Players
Livingston 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93