Dave Berg, Steve Kassin & Daniel Gluck Of Infinity Collective Refinance Multifamily Asset In Philadelphia For $96M
4701 Pine Street
$96,000,000
$321/SF
Building Size
298,838 SF
Asset Type
MultiFamily
Closing
Sep 8, 2025
AI
The property asset involved in this transaction is a multifamily building located at 4701 Pine Street, Philadelphia, PA. This asset encompasses a total square footage of 298,838 and consists of 412 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $96,000,000
- Loan Type: Refinance
- Landlord: Dave Berg, Steve Kassin & Daniel Gluck - Infinity Collective
- Brokers: Daniel Lerer - GFI Realty Services
Key individuals involved in the transaction include the landlords from Infinity Collective and Daniel Lerer of GFI Realty Services representing the brokers in this refinance deal.
Players
Philadelphia 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93