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Mcguinness Boulevard

Jonathan Rubin Secures $10 Million Refinance Loan For 30-Unit Multifamily Asset In Greenpoint
FINANCEDMultiFamily

Jonathan Rubin Secures $10 Million Refinance Loan For 30-Unit Multifamily Asset In Greenpoint

Mcguinness Boulevard

$10,000,000

Building Size

Asset Type

MultiFamily

Closing

May 5, 2026

AI

The asset involved in this transaction is a multifamily property located at 287-299 McGuinness Boulevard, Greenpoint, NY, consisting of 30 units. The loan amount for this property is $10,000,000, secured through a refinance with a term of 5 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Lender: Mitch Gorelick - Amalgamated Bank
  • Landlord: Jonathan Rubin
  • Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital
  • Loan Type: Refinance
  • Loan Terms: 5 year term

Key individuals involved in this transaction include the lender Mitch Gorelick from Amalgamated Bank, while Meir Kessner and David Eisen represent landlord Jonathan Rubin through Seven Stone Capital in this loan refinance process.

Players

Meir Kessner

Seven Stone Capital

Broker

$258.7M

vol

7 deals

Broker
Amalgamated Bank
Amalgamated 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93