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
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