Updated Oct 30, 2026
David Kramer Of Hudson Companies Secures $47.6 Million Refinance Loan With David Manlowe Of Benefit Street Partners For Multifamily Asset In East Flatbush
310 Clarkson Avenue
$47,600,000
$274/SF
Building Size
173,322 SF
Asset Type
MultiFamily
Closing
Oct 26, 2026
About this deal
AI
The asset involved in this transaction is a multi-family residential building located at 310 Clarkson Avenue in East Flatbush, Brooklyn. The property encompasses a total square footage of 173,322 and consists of 170 units. It has secured a refinancing loan amounting to $47,600,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $47,600,000
- Address: 310 Clarkson Avenue
- Market: East Flatbush, Brooklyn
- Lender: David Manlowe - Benefit Street Partners
- Landlord: David Kramer - Hudson Companies
- Loan Type: Refinance
The key individuals in this transaction include David Manlowe, who represents Benefit Street Partners in facilitating the loan, and David Kramer, representing Hudson Companies as the landlord of the property. Their roles were instrumental in securing the financing for the property at 310 Clarkson Avenue.
On the Map
$47,600,000
$274/SF
MultiFamily
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Players
Avenue MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93