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88 Linden Boulevard

Doron Greenberg And Aviad Ohayon Of GO-RE Partners Secure $19.6M Loan For 88 Linden Boulevard
FINANCEDMultiFamily

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:

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

Lauren Kaufman

JLL

Broker

$5.4B

vol

35 deals

Broker

Doron Greenberg

Landlord

$93M

vol

5 deals

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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