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
Southampton Town supervisor Jay Schneiderman (jayschneiderman.com, Google Maps)
Southampton Town considers buying 40 acres
Southampton Town considers buying 40 acres
Alan Feldman, chief executive officer, president & chairman of the board, Resource REIT; Stephen Schwarzman, chairman, ceo & co-founder, Blackstone (Resource REIT, Getty Images, 1000 Spalding Apartment Homes)
Blackstone to pay $3.7B for REIT in latest rental push
Blackstone to pay $3.7B for REIT in latest rental push
360 Kingsland Avenue in Greenpoint, Brooklyn (Google)
Sitex Group pays $30M for Greenpoint industrial property
Sitex Group pays $30M for Greenpoint industrial property
(Getty)
Intel investment in new Ohio chip plant could reach $100B
Intel investment in new Ohio chip plant could reach $100B
In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
No Joke: Pete Davidson (left) and Colin Jost just purchased a Staten Island Ferry boat. (Getty)
Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
Vicky Ward (CNN)
Vicky Ward breaks down New York State’s Trump investigation
Vicky Ward breaks down New York State’s Trump investigation
Lloyd's of London headquarters at Lime Street (Lloyd's of London/CC BY 2.5 - via Wikimedia Commons, iStock)
Lloyd’s of London may exit “Inside Out” home after three decades
Lloyd’s of London may exit “Inside Out” home after three decades
arrow_forward_ios

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

Loading...