Updated Oct 29, 2024
Goldman Sachs Asset Management Provides $233M Construction Loan For Multifamily Project In Crown Heights
54 Crown Street
$233,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 10, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 54 Crown Street in the Crown Heights market. The loan amount for this deal is $233,000,000, and it falls under the category of construction loans.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $233,000,000
- Lender: Goldman Sachs Asset Management - Urban Investment Group
- Brokers: Christopher Peck, Geoff Goldstein, Nicco Lupo & Rob Hinckley - JLL
The team responsible for facilitating this deal includes Christopher Peck, Geoff Goldstein, Nicco Lupo, and Rob Hinckley from JLL.
Players
Brisbane 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93