Slate Property Group & RiseBoro Acquires Multifamily Property In Brooklyn With $121.7M Construction Loan From Goldman Sachs Asset Management

The multifamily property located at 326 Rockaway Avenue in Brooklyn was recently involved in a closed transaction. The property spans approximately 185,000 square feet and consists of 215 units. It is owned by Slate Property Group and RiseBoro.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $121,700,000
• Address: 326 Rockaway Avenue
• Market: Brooklyn
• Lender: Goldman Sachs Asset Management
• Loan Type: Construction

In this transaction, the lender was Goldman Sachs Asset Management. They provided a construction loan amounting to $121,700,000 to facilitate the deal. The property's landlord, Slate Property Group and RiseBoro, represented the sellers in the transaction.