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
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