Yitzchok Schwartz Secures $25.8M Refinance From Berkadia For Multifamily At 88 Tompkins Avenue

The asset involved in this transaction is a multifamily building located at 88 Tompkins Avenue in Bedford Stuyvesant, Brooklyn. The property encompasses 58,848 square feet and consists of 55 residential units. The transaction relates to a refinance secured for this elevator-equipped building.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,800,000
• Address: 88 Tompkins Avenue
• Market: Bedford Stuyvesant, Brooklyn
• Units: 55
• Lender: Berkadia
• Landlord: Yitzchok Schwartz
• Loan Type: Refinance

Yitzchok Schwartz, representing Tompkins Estates II LLC, was instrumental in securing this refinance from Berkadia, facilitating financial support for the 55-unit property situated in a prominent Brooklyn neighborhood.