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310 Clarkson Avenue

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
FINANCEDMultiFamily

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.

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$47,600,000

$274/SF

MultiFamily

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Players

David Manlowe

Benefit Street Partners

Lender

$74.1M

vol

2 deals

Lender

David Kramer

Hudson Companies

Landlord

$1.2B

vol

14 deals

Landlord
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Deal FAQ

About $274 per square foot on a published $47.6M for 173,322 square feet (2026).

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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

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