Fetner Properties Secures $73 Million Refinance Loan From Brookfield For Upper East Side Multifamily
85 East End Avenue
$73,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 10, 2026
AI
The property asset involved in this transaction is a multifamily building located at 85 East End Avenue in the Upper East Side market. The loan amount secured for this property is $73,000,000, categorized as a refinance loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Lender: Brookfield
- Landlord: Fetner Properties
- Brokers: Adam Licari, Ethan Pond, Alana Bassen, Jeff Organisciak & Michael Smilove - Eastdil Secured
- Date of Transaction: 2/11/2026
The key individuals involved in this transaction include representatives from Eastdil Secured, specifically Adam Licari, Ethan Pond, Alana Bassen, Jeff Organisciak, and Michael Smilove, who facilitated the loan arrangement for Fetner Properties regarding the property at 85 East End Avenue.
Players
New York 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93