Eliot Spitzer’s 420 Kent nabs $386M refi

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

TRD 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 Factory building at 30-30 47th Avenue with Square Mile Capital’s Craig Solomon and Invesco CEO Marty Flanagan (Photos via The Factory; Square Mile; Invesco)

Here’s what tenants are paying at the Factory in Long Island City

Here’s what tenants are paying at the Factory in Long Island City
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE income falls nearly 10%
From left: Paramount CEO Albert Behler, 1301 6th Avenue, 712 5th Avenue, 31 West 52nd Street (Getty; Google Maps)

Paramount Group back at work, but tenants waiting until 2021

Paramount Group back at work, but tenants waiting until 2021
Tony Malkin (Getty, iStock)

Empire State Realty Trust reports second consecutive quarterly loss

Empire State Realty Trust reports second consecutive quarterly loss
Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
Amazon CEO Jeff Bezos with (top to bottom) 5 Warehouse Lane in Elmsford in Westchester County, 2300 Linden Boulevard in Brooklyn and 1502 Bassett Avenue in the Bronx (Getty; Google Maps)

Amazon inks three warehouse deals for delivery stations

Amazon inks three warehouse deals for delivery stations
New foreclosure filings are rising again as limits are lifted (iStock)

Foreclosure filings ramp up, especially in minority neighborhoods

Foreclosure filings ramp up, especially in minority neighborhoods
WeWork CEO Sandeep Mathrani (Wikimedia)

WeWork tells members you must pay rent

WeWork tells members you must pay rent
arrow_forward_ios

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

Loading...