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Midtown Equities & Bobby Cayre Acquire Multifamily Building In Brooklyn Heights For $65M Loan

200 Montague Street
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This MultiFamily property located in NY received a loan of $65,000,000 over 2 years ago. The brokers of the deal were Scott Aiese and Alex Staikos

The property involved in this transaction is a multifamily asset located at 200 Montague Street in Brooklyn Heights. It spans approximately 141,000 square feet and consists of 121 units. The market for this property is Brooklyn Heights, a highly sought-after neighborhood in Brooklyn.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $65,000,000
  • Address: 200 Montague Street
  • Market: Brooklyn Heights
  • Square Footage: 141,000
  • Units: 121

The lender in this transaction is Centennial Bank. The landlords involved are Midtown Equities and Bobby Cayre, along with Aurora Capital Associates. The brokers facilitating the deal are Scott Aiese and Alex Staikos from JLL.

This transaction involves a construction loan for the amount of $65,000,000.

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Deals
  • Location
    200 Montague Street, Brooklyn Heights, Brooklyn, NY 11201, USA200 Montague Street, Brooklyn Heights, Brooklyn, NY 11201, USA
  • Loan Value
    $65,000,000$65,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Alex Staikos

Alex Staikos

Deals22
Financed$3B

Scott Aiese

Scott Aiese

Deals18
Financed$1.4B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Centennial Bank

Centennial Bank

Lender
Deals31
Volume$ 164.5B

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Deal Summary

LOAN IMAGE: Scott Aiese, Bobby Cayre, Alex Staikos & Jared Epstein DATE: 07/27/2021 ADDRESS: 200 Montague Street MARKET: Brooklyn Heights ASSET TYPE: Multifamily ~ SF: 141,000 ~ UNITS: 121 LENDER: Centennial Bank LANDLORD: Midtown Equities & Bobby Cayre - Aurora Capital Associates BROKERS: Scott Aiese & Alex Staikos @JLL LOAN AMOUNT: $65,000,000 LOAN TYPE: Construction Loan

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200 Montague Street

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