Arbor Realty Trust Provides $131.7M Loan For Multifamily Portfolio Acquisition In Flatbush & East Flatbush

Arbor Realty Trust has provided a loan of $131,700,000 for the acquisition of four multifamily properties in the Flatbush and East Flatbush markets. The properties included in the transaction are located at 950 Rutland Road, 2501 Nostrand Avenue, 1145 East 35th Street, and 425 East 96th Street, with a total square footage of 427,422. These properties collectively house 931 units, making it a substantial investment by Malek Management and Coney Realty Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $131,700,000
• Address: 950 Rutland Road, 2501 Nostrand Avenue, 1145 East 35th Street, and 425 East 96th Street
• Market: Flatbush & East Flatbush
• Lender: Arbor Realty Trust
• Landlord: Malek Management & Coney Realty Group
• Square Footage: 427,422
• Units: 931

This loan transaction highlights the collaboration between Arbor Realty Trust and Malek Management & Coney Realty Group. With this loan, the buyers have been able to acquire these well-positioned multifamily properties in the Flatbush and East Flatbush markets. The transaction signifies the continued investment and growth opportunities in the area.