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Square Mile Provides $367.5M Acquisition Loan For Multifamily Property In Brooklyn

123 Melrose & 54 Noll Street
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This MultiFamily property located in NY received a loan of $367,500,000 over 2 years ago. The brokers of the deal were Tamir Kazaz, Alex Bailkin, and Morris Betesh

The multifamily property located at 123 Melrose and 54 Noll St. in Brooklyn has been involved in a closed transaction. The property spans approximately 680,000 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $367,500,000
  • Loan Type: Acquisition loan

The lender for this transaction was Square Mile, represented by Michael Lavipour. The landlord of the property is Atlas Capital Group, represented by Jeff Goldberger and Andy Cohen. The brokers involved in the deal were Morris Betesh, Alex Bailkin, and Tamir Kazaz from Meridian Capital Group.

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Deals
  • Location
    123 Melrose Street, Brooklyn, NY, USA123 Melrose Street, Brooklyn, NY, USA
  • Loan Value
    $367,500,000$367,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Tamir Kazaz

Tamir Kazaz

Deals7
Financed$961.9M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

LOAN IMAGE: Tamir Kazaz, Alex Bailkin, Morris Betesh, Michael Lavipour, Andy Cohen & Jeff Goldberger DATE: 12/01/2021 ADDRESS: 123 Melrose & 54 Noll St. MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 680,000 LENDER: Square Mile - Michael Lavipour LANDLORD: Atlas Capital Group - Jeff Goldberger and Andy Cohen BROKERS: Morris Betesh, Alex Bailkin (@AjBailkin) & Tamir Kazaz - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $367,500,000 LOAN TYPE: Acquisition loan

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123 Melrose & 54 Noll Street

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