Meridian Capital Group Facilitates $4.5M Loan For Multifamily Property At 1299 Ocean Avenue, Brooklyn | 1299 Ocean Avenue | New York Community Bank | Michael Helmreich, Charles Grussgott | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

62,784 sqft

An undisclosed multifamily property located at 1299 Ocean Avenue in Brooklyn has been involved in a recent closed transaction. The deal took place on 06/23/2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $4,500,000
Market: Brooklyn
Lender: NYCB
Brokers: Charles Grussgott & Michael Helmreich - Meridian Capital Group

The loan provided for this transaction amounted to $4,500,000. The terms of the loan include a 3.38% interest rate, a 7-year term, and a five-year extension option. The lender involved in the deal is NYCB.

Representing the parties in this transaction were Charles Grussgott and Michael Helmreich from Meridian Capital Group, serving as brokers.

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Players

All
4

Agents
2
Agencies
1
Lenders
1

$24.5M Sold

$24.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Michael Helmreich & Charles Grussgott DATE: 06/23/2021 ADDRESS: 1299 Ocean Avenue MARKET: Brooklyn ASSET TYPE: Multifamily LENDER: NYCB BROKERS: Charles Grussgott & Michael Helmreich - Meridian Capital Group LOAN AMOUNT: $4,500,000 LOAN TERMS: 3.38% Rate. 7-Year Term. Five Year Extension Option

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Address1299 Ocean Avenue

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