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510 Horseblock Road

Nicco Lupo, Rob Hinckley, Geoff Goldstein and Jeffrey (Jeff) Julien broker a $146,900,000 loan for Multi Family property. The deal closed 7 months and 20 days ago.

  • Location image 510 Horseblock Road, Farmingville, New York 11738, United States
  • Loan Value
    image $146,900,000
  • Asset Type image Multi Family
  • Area image 494,160 SF
  • Parties image4 Brokers,2 Lenders,1 Agency
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Nicco Lupo

JLL
  • Deals 4
  • Volume $446,200,000
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Rob Hinckley icon

JLL
  • Deals 26
  • Volume $2,512,800,000
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Geoff Goldstein icon icon

JLL
  • Deals 20
  • Volume $3,210,000,000
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Jeffrey (Jeff) Julien icon

JLL
  • Deals 21
  • Volume $2,279,900,000
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JLL

Agency
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Comparables: 510 Horseblock Road

Showing 4 of 22

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Price Icon $143,000,000

  • StatusLOAN
  • Date08/30/22
  • Address200 East 65th Street, New York City, New York 10065, United States
  • Address200 East...
  • AssetMULTI FAMILY
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Price Icon $142,000,000

  • StatusLOAN
  • Date08/26/22
  • Address540 Degraw Street, Brooklyn, New York 11231, United States
  • Address540 Degraw...
  • AssetMULTI FAMILY
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Price Icon $135,000,000

  • StatusLOAN
  • Date08/25/22
  • Address1 Shearwood Pl, New Rochelle, New York 10801, United States
  • Address1 Shearwood...
  • AssetMULTI FAMILY
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Price Icon $138,000,000

  • StatusLOAN, $425 PPSF
  • Date08/03/22
  • Address575 Amsterdam Avenue, New York City, New York 10024, United States
  • Address575 Amsterdam...
  • AssetMULTI FAMILY
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This Deal on Social

DEBT/EQUITY
IMAGE: Rob Hinckley, Jeff Julien, Geoff Goldstein & Nicco Lupo
DATE: 02/18/2022
ADDRESS: 510 Horseblock Road
MARKET: Suffolk, Long Island
ASSET TYPE: Multifamily ~ SF: 494,160 ~ UNITS: 292

LENDER: Bank & Citi National Bank
LANDLORD: BRP Companies – Meredith Marshall, Geoff Flournoy & Steve Smith
BROKERS: Rob Hinckley, Jeff Julien, Geoff Goldstein & Nicco Lupo – JLL

TOTAL CAPITALIZATION: $146,900,000
TYPE: Joint Venture Equity and Construction Loan

NOTE FROM BROKERS: Having originally advised on the closing of the land in April 2020, the JLL team is proud to be involved with the vertical closing for the Arboretum project that included the raise securing third party of debt, mezzanine & joint venture equity. This 292 unit development site is a low density wood frame project a few minutes off of the I-495 in Farmingville, New York. The project, aimed to have very large units, of which all are 2+ bedrooms, also includes 51 single family rentals & 30 units of workforce/AMI restricted housing.  Reach out to the team with any questions or opportunities.

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DEBT/EQUITY
IMAGE: Rob Hinckley, Jeff Julien, Geoff Goldstein & Nicco Lupo
DATE: 02/18/2022
ADDRESS: 510 Horseblock Road
MARKET: Suffolk, Long Island
ASSET TYPE: Multifamily ~ SF: 494,160 ~ UNITS: 292

LENDER: Bank & Citi National Bank
LANDLORD: BRP Companies – Meredith Marshall, Geoff Flournoy & Steve Smith
BROKERS: Rob Hinckley, Jeff Julien, Geoff Goldstein & Nicco Lupo – JLL

TOTAL CAPITALIZATION: $146,900,000
TYPE: Joint Venture Equity and Construction Loan

NOTE FROM BROKERS: Having originally advised on the closing of the land in April 2020, the JLL team is proud to be involved with the vertical closing for the Arboretum project that included the raise securing third party of debt, mezzanine & joint venture equity. This 292 unit development site is a low density wood frame project a few minutes off of the I-495 in Farmingville, New York. The project, aimed to have very large units, of which all are 2+ bedrooms, also includes 51 single family rentals & 30 units of workforce/AMI restricted housing.  Reach out to the team with any questions or opportunities.

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Contact Nicco Lupo

Nicco is a director in the New York office of JLL Capital Markets, Americas. He joined JLL as part of...

Rob is a managing director in the New York office of JLL Capital Markets, Americas. He joined JLL as part...

Geoff is a Managing Director in the New York office of JLL Capital Markets, Americas. He joined JLL as part...

Jeffrey is a managing director in the New York City office of JLL Capital Markets, Americas. He joined JLL as...

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