Updated Dec 12, 2024
The Carlyle Group Secures $38.6M Acquisition Loan For Brooklyn Heights Multifamily
75 Clinton Street
$38,600,000
$624/SF
Building Size
61,833 SF
Asset Type
MultiFamily
Closing
Dec 13, 2022
About this deal
AI
The multifamily property located at 75 Clinton Street in Brooklyn Heights has been involved in a recent loan transaction. The property has a total square footage of 61,833 and consists of 74 units. The loan was facilitated by TD Bank and the borrower secured a loan amount of $38,600,000 for the acquisition of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,600,000
- Address: 75 Clinton Street
- Market: Brooklyn Heights
- Square Footage: 61,833
- Units: 74
The loan transaction was facilitated by TD Bank, providing the necessary financing for The Carlyle Group to acquire the multifamily property. The deal was represented by Steve Klein and Geoff Goldstein from JLL, who acted as brokers for the transaction.
Players
Street 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93