Marcus & Millichap Capital Corporation (MMCC) has arranged a $16.8 million non-recourse loan for the refinancing of 75 Henry Street, a multi-family co-operative apartment building in Brooklyn, N.Y., with Prudential Affordable Mortgage Company, LLC.
Irina Furmanskaya, an associate director at MMCC, was responsible for securing the loan.
75 Henry Street is 32-story elevator cooperative building totaling 350 apartment units and 18 cooperative townhomes. In addition to the residential units, there are 5 ground floor commercial spaces and one below-grade parking garage with capacity for 546 vehicles.
The property was built in 1967 as affordable middle-income rentals and converted by the Whitman Owner Corp., the owner and the borrower, to cooperative ownership in 2002.