Benchmark Real Estate Group borrows $35M from MetLife for multifamily property in Brooklyn Heights

Jordan Vogel and Aaron Feldman’s Benchmark Real Estate Group through the entity 25 Monroe Place LP as borrower signed a loan agreement with lender MetLife through the entity Metlife Real Estate Lending LLC valued at $35.0 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 67 residential units at 25 Monroe Place in Brooklyn Heights. The deal closed on March 9, 2020 and was recorded on March 24, 2020.
The property contains a total of 60,720 square feet of built space.
The average loan per unit is $522,388.
The last time the property sold was July 28, 2015, for $50,000,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $2,428,221.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link