Blackstone Group's Stephen A. Schwarzman Secures $110.8M Refinance Loan For Canarsie Plaza Properties

The asset involved in this transaction includes retail and mixed-use properties located at 8719 Avenue D, 8725 Foster Avenue, and 856 Remsen Avenue in the Canarsie neighborhood of Brooklyn. The total loan amount secured for these properties is $110,800,000, which is designated for refinancing purposes.

Summary of transaction details:

• Property Type: Retail & Mixed-use
• Transaction Amount: $110,800,000
• Lender: Deutsche Bank, Bank of Montreal, and Barclays
• Landlord: Stephen A. Schwarzman - Blackstone Group
• Transaction Date: 05/30/2025

This transaction was facilitated by Blackstone Group through Breit Canarsie Owner LLC, which played a key role in securing the refinance loan from the aforementioned lenders for the specified properties in Brooklyn.