OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a $4.9m loan to support Top Quality Management in refinancing existing debt on a fully renovated, four-storey multifamily asset in Greenpoint, Brooklyn, New York.
Located at 150 Calyer Street, the eight-unit asset was originally built in 1894 and has recently undergone extensive renovation, transforming it into a high-quality property with modern systems. Set in an urban waterfront neighbourhood adjacent to Williamsburg and Long Island City, it offers residents amenities including bicycle storage, a shared backyard garden and in-unit laundry, while benefiting from immediate access to key transport links in Greenpoint — one of Brooklyn’s most supply-constrained and in-demand multifamily submarkets.
About Top Quality Management: Founded by Mendy Deutsch in 2010, Top Quality Management is a New York-based asset management company serving medium-sized property owners and investors, which has grown its residential portfolio to more than 2,000 units under management across the city. The firm specialises in hands-on asset oversight, site management and residential leasing, with a proven track record operating multifamily properties throughout Brooklyn, Manhattan and Queens.