Doron Greenberg And Aviad Ohayon Of GO-RE Partners Secure $19.6M Loan For 88 Linden Boulevard
88 Linden Boulevard
$20,600,000
$341/SF
Building Size
60,259 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
The property asset involved in this transaction is a multifamily building located at 88 Linden Boulevard in the Prospect Lefferts Gardens neighborhood. The asset features a total square footage of 60,259 and comprises 66 residential units, making it a substantial addition to the region's housing market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,600,000
- Loan Type: Acquisition
- Landlord: Doron Greenberg & Aviad Ohayon – GO-RE Partners
- Brokers: Michael Shmuely, Michael Zaremski, John Flynn & Lauren Kaufman - JLL
The transaction involved key figures in the brokerage arena, with representation provided by Michael Shmuely, Michael Zaremski, John Flynn, and Lauren Kaufman from JLL. Their involvement highlights the expertise brought into the deal by these seasoned professionals in managing complex property transactions.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93