Catsimatidis’ Red Apple scores $90M refi for Fort Greene rental

Bank of America is the lender for 180 Myrtle Avenue

TRD New York /
Aug.August 29, 2017 06:09 PM

John Catsimatidis and 180 Myrtle Avenue

John Catsimatidis’ Red Apple Group secured $90 million to refinance its rental building in Fort Greene, according to property records filed with the city Tuesday.

Bank of America provided the money, which documents show includes a new $20 million mortgage consolidated with $70 million in previous debt. That mortgage was was originated in 2014.

Known as the Margo, 180 Myrtle Avenue  has 228 units, with an average asking price of $3,385, according to StreetEasy.

Representatives for Red Apple TRData LogoTINY and Bank of America were not immediately available for comment.

Related Articles

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*

John Catsimatidis during his 2013 mayoral run (Credit: Getty Images)  

Déjà vu: Catsimatidis thinking about running for mayor again

53 West 53rd Street, 885 Park Avenue, 70 West 45th Street (Credit: StreetEasy)

Five priciest homes to hit the market last week all over $22M

118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio to test brokers, owners for housing discrimination

Buyer sentiment was strong at the close of 2019 (Credit: iStock)

Home buyers start 2020 with drop in mortgage rates