Haussmann Development Secures $40.75 Million Refinance Loan For 827 Sterling Place In Brooklyn
FINANCED
$40,750,000
New York
See Similar DealsMultiFamily52,000 SF
Financed 04/08/2025
FINANCED
Haussmann Development Secures $40.75 Million Refinance Loan For 827 Sterling Place In Brooklyn
827 Sterling Place
See Similar DealsMultiFamily52,000 SF
Financed 04/08/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$783
Total Square Footage:52,000 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 827 Sterling Place in Brooklyn, featuring 76 units and comprising a total square footage of 52,000. The property obtained a refinance loan amounting to $40,750,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $40,750,000
- Lender: ACRES Capital
- Landlord: Haussmann Development - Josef Goodman & Jake Sokol; Kriss Capital - Jody Kriss
- Brokers: Alan Blank, Zachary Kraft & Sebastian Sanchez - Cushman & Wakefield
Key individuals involved in the deal include Josef Goodman and Jake Sokol representing Haussmann Development, as well as Jody Kriss from Kriss Capital. The brokerage team from Cushman & Wakefield consists of Alan Blank, Zachary Kraft, and Sebastian Sanchez, who played a significant role in the transaction.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,750,000.00
Monthly NOI$271,666.67
Monthly Debt Service$257,567.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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