Bluejay Management Refinances 93-Unit Residential Apartment In Brooklyn With $39M Loan From Cross River Bank | 50 Clarkson Avenue | Cross River Bank | Yankel Korolitzky, Yigal Y. Niasoff | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

93,789 sqft

Yerachmeal Jacobson's Instagram post from October 19, 2021, showcased a residential apartment building located at 50 Clarkson Ave. in Brooklyn. The property consists of 93 units, making it an attractive investment opportunity in the Brooklyn market.

Summary of transaction details:

Property Type: Residential Apartment
Transaction Date: 10/19/2021
Address: 50 Clarkson Ave.
Market: Brooklyn
Units: 93

In this deal, Cross River Bank provided a loan of $39,000,000 to the landlord, Bluejay Management, represented by Marc Jacobowitz and Yerachmeal Jacobson. The loan type was a refinance. The brokers involved in the transaction were Yigal Y. Niasoff and Yankel Korolitzky.

Players

All
3

Agents
2
Lenders
1

Yankel Korolitzky

Executive Vice President

Yigal Y. Niasoff

President

Cross River Bank

Details

Deal Summary

FINANCED

IMAGE: Yerachmeal Jacobson DATE: 10/19/2021 ADDRESS: 50 Clarkson Ave. MARKET: Brooklyn ASSET TYPE: Residential Apt ~ UNITS: 93 LENDER: Cross River Bank LANDLORD: Bluejay Management - Marc Jacobowitz & Yerachmeal Jacobson BROKERS: Yigal Y. Niasoff & Yankel Korolitzky LOAN AMOUNT: $39,000,000 LOAN TYPE: Refinance

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Address50 Clarkson Avenue

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