167 Graham Avenue

Location: Brooklyn, NY
Type: Multifamily
Price: $25,700,000

SMC funded a $25,700,000 first mortgage loan to refinance 167 Graham Avenue in Brooklyn, NY. The loan has a ten-year term, with full-term interest-only payments. The property is a 100% occupied, 56-unit, five-story elevator multifamily property, and is comprised of two inter-connected buildings, located at 167 Graham Avenue and 146 Meserole Street in Williamsburg, Brooklyn, NY. The property offers a mix of two- and three-bedroom units and features 13,008 SF of retail space, which is 100% occupied by two tenants. The units have high-end finishes with large, airy windows, tiled bathrooms, hardwood flooring throughout and stainless steel appliances. Additionally, many of the units feature outdoor space via a patio or balcony.