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Allure Group Refinances Specialty Building At 691 92nd Street Bay Ridge Brooklyn For $44.8M

Property Image
FINANCED
$44,800,000

New York

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Special Purpose161,669 SF
Financed 10/28/2025
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Property Image
FINANCED

Allure Group Refinances Specialty Building At 691 92nd Street Bay Ridge Brooklyn For $44.8M

691 92nd Street

See Similar Deals
Special Purpose161,669 SF
Financed 10/28/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Special Purpose
Price Per Square Foot:$277
Total Square Footage:161,669 SF
Transaction Type:Loan

The asset involved in this transaction is a special purpose building located at 691 92nd Street in Bay Ridge, Brooklyn. This property encompasses a total of 161,669 square feet. The recent financial transaction involves a loan amount of $44,800,000, which serves as a refinance of previous debt. The prior debt amounted to $39,100,000 from Webster Bank.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $44,800,000
  • Loan Type: Refinance
  • Lender: Dwight Capital
  • Landlord: Solomon Rubin - Allure Group
  • Market: Bay Ridge, Brooklyn

This refinancing action was executed by Allure Group, represented by Solomon Rubin, who is pivotal in managing the specialty building at the specified address. The loan from Dwight Capital replaced the existing loan, demonstrating a strategic financial maneuver within the real estate market.

Players

Dwight Capital
Dwight Capital
LENDER
AG
Allure Group
LANDLORD

Details

FINANCED
IMAGE: 10/28/2025 ADDRESS: 691 92nd Street MARKET: Bay Ridge, Brooklyn ASSET TYPE: Special Purpose ~ SF: 161,669 LENDER: Dwight Capital LANDLORD: Solomon Rubin - Allure Group LOAN AMOUNT: $44,800,000 LOAN TYPE: Refinance NOTE: Allure Group refinanced the specialty building at 691 92nd Street, Bay Ridge, Brooklyn, with a $44.8M loan from Dwight Capital, replacing prior debt of $39.1M from Webster Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$44,800,000.00

Monthly NOI$298,666.67
Monthly Debt Service$283,166.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00