Eliot Spitzer’s 420 Kent nabs $386M refi

KKR Real Estate Finance Trust provided loan for the luxury rental in Williamsburg

New York /
May.May 28, 2019 11:00 AM
Eliot Spitzer and 420 Kent Avenue (Credit: Getty Images)

Eliot Spitzer and 420 Kent Avenue (Credit: Getty Images)

Eliot Spitzer’s Spitzer Enterprises has landed a $386 million refinancing package for its luxury multifamily development at 420 Kent Avenue on the Williamsburg waterfront.

The loan came from KKR Real Estate Finance Trust, and Meridian Capital Group negotiated the refinancing, according to Commercial Observer.

The large rental project is located on a 2.8-acre site between South 8th and South 9th Streets. It spans 1.5 million square feet and includes three glass towers with 857 units, largely studios and one-bedrooms.

It also includes 20,000 square feet of retail and restaurant space, 25,000 square feet of indoor amenities and 80,000 square feet of outdoor space. [CO]Eddie Small


Related Articles

arrow_forward_ios
The Centre at Purchase at 1, 2, 3, 4 Manhattanville Road with George Comfort & Sons CEO Peter Duncan (George Comfort & Sons)
Westchester office park owned by George Comfort & Sons slated for auction
Westchester office park owned by George Comfort & Sons slated for auction
Attorney General Letitia James and A&E Real Estate CEO James Patchett (Getty, iStock)
A&E pays just $510K in lead-paint settlement
A&E pays just $510K in lead-paint settlement
Seeding from recapitalization of 25 health care properties
KKR, Cornerstone in $1B JV to develop health care facilities
KKR, Cornerstone in $1B JV to develop health care facilities
The Broadway location of Halloween Adventure (Facebook via New York Costumes / Halloween Adventure)
Halloween Adventure to vacate East Village home as retail condo hits market
Halloween Adventure to vacate East Village home as retail condo hits market
Bluerock Residential CEO Robert Ramin Kamfar (Owler)
NY-based multifamily REIT Bluerock explores sale
NY-based multifamily REIT Bluerock explores sale
Two more rent law challenges tossed, landlords reserve hope in appeal
Two more rent law challenges tossed, landlords rest hopes on appeal
Two more rent law challenges tossed, landlords rest hopes on appeal
Purchases across the country rose 0.7 percent in August, easily outpacing estimates by retail analysts. (iStock)
Big month for retail sales bodes well for landlords
Big month for retail sales bodes well for landlords
A rendering of River Ring with Two Trees CEO Jed Walentas (BIG, Getty)
CB1 approves Two Trees’ River Ring, keeping project on pace
CB1 approves Two Trees’ River Ring, keeping project on pace
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...