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CBZ Management Refinances Multifamily Portfolio In Brooklyn For $19.1M

33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 Street John's Place & 1398 Street John's Place
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This MultiFamily property located in NY received a loan of $19,100,000 about 2 years ago. The broker of the deal was Nate Hyman

Five multifamily properties located at 33 Westminster Avenue, 1198 Carrol Street, 1212 Lincoln Street, 1320 St. John's Place, and 1398 St. John's Place in Brooklyn have been involved in a recent transaction. The total square footage of these properties is 82,365, and they consist of a total of 87 units. The transaction took place on 12/28/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,100,000
  • Market: Brooklyn
  • Lender: Local Savings Bank
  • Landlord: CBZ Management
  • Broker: Nate Hyman - Polaris Funding

The loan for this transaction was provided by Local Savings Bank. The loan amount was $19,100,000, and it was a refinance loan. The loan terms included a 3% interest rate, a 5-year fixed period, and a 2-year interest-only period.

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Deals
  • Location
    1198 Carroll Street, Brooklyn, New York 11225, United States1198 Carroll Street, Brooklyn, New York 11225, United States
  • Loan Value
    $19,100,000$19,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Nate Hyman

Nate Hyman

Deals9
Financed$296.4M

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Deal Summary

LOAN IMAGE: Nate Hyman DATE: 12/28/2021 ADDRESS: 33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 St. John's Place & 1398 St. John's Place MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 82,365 ~ UNITS: 87 LENDER: Local Savings Bank LANDLORD: CBZ Management BROKER: Nate Hyman (@NateHyman) - Polaris Funding LOAN AMOUNT: $19,100,000 LOAN TYPE: Refinance LOAN TERMS: 3% Interest, 5-year Fixed, 2-year Interest Only

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33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 Street John's Place & 1398 Street John's Place

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