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1501 Voorhies Avenue

Bonjour Capital Secures $40 Million Loan From OceanFirst Bank For Multifamily Asset In Brooklyn
FINANCEDMultiFamily

Bonjour Capital Secures $40 Million Loan From OceanFirst Bank For Multifamily Asset In Brooklyn

1501 Voorhies Avenue

$40,000,000

$266/SF

Building Size

149,881 SF

Asset Type

MultiFamily

Closing

Sep 29, 2025

AI

The property asset involved in this transaction is a multifamily building located at 1501 Voorhies Avenue in Brooklyn. The asset encompasses a total square footage of 149,881 and consists of 180 units. The acquisition loan for this property amounts to $40,000,000 and was provided by OceanFirst Bank.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $40,000,000
  • Address: 1501 Voorhies Avenue
  • Market: Brooklyn
  • Square Footage: 149,881
  • Units: 180
  • Lender: OceanFirst Bank
  • Landlord: Bonjour Capital
  • Brokers: Daniel Lerer - GFI Realty Services

This transaction involves key players in the real estate industry. Daniel Lerer from GFI Realty Services represents the landlord, Bonjour Capital, in this deal, facilitating the acquisition process and ensuring the transaction's smooth execution.

Players

Michael Weiser

GFI Realty Services

Broker

$515.2M

vol

34 deals

Broker
OB
OceanFirst BankLender

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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93