Newmark arranges $47.6 million refinancing for 170-unit Brooklyn apartment property

NMRK•2026-11-10

Newmark arranged a $47.6 million loan for The Hudson Companies to refinance The Clark, a 170-unit multifamily property in Brooklyn.

1. Refinancing arranged

Newmark arranged a $47.6 million loan for The Hudson Companies to refinance The Clark, a 170-unit multifamily property at 310 Clarkson Avenue in Brooklyn's Prospect Lefferts Gardens. Benefit Street provided the financing.

2. Property details

Completed in 2018, the Class A building has market-rate, rent-stabilized and affordable apartments. Its 35-year tax abatement extends through June 2054.

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Newmark arranges $47.6 million refinancing for 170-unit Brooklyn apartment property

Publicnow

Newmark arranges $47.6 million refinancing for 170-unit Brooklyn apartment property

1. Refinancing arranged

2. Property details

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Newmark arranges $47.6 million refinancing for 170-unit Brooklyn apartment property

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