NEW YORK CITY – Cushman & Wakefield has procured $57 millionin acquisition financing for a multifamily condominium within anew, mixed-use property in Brooklyn. USAA Real Estate provided thefixed-rate loan.

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Located at 1 Flatbush Ave., the class A mixed-use property'sresidential building consists of 183 units throughout 19-stories.The rental units feature in-unit washers and dryers, stainlesssteel appliances and custom kitchen cabinets.

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Developed in 2018, the property offers amenities including astate-of-the-art fitness center with a yoga studio, a residentlounge and a landscaped roof deck. The property additionallyconsists of a retail component.

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Located in downtown Brooklyn, at the intersection of FlatbushAve. and Fulton St., the property is situated near mass transithubs, LIRR's Atlantic Terminal and MTA subway lines.

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The Cushman & Wakefield equity, debt and structured financeteam of Gideon Gil, Alex Lapidus and Maya Steinberger representedthe borrower in the financing. Cushman & Wakefield's investmentsales specialists, Adam Spies, Adam Doneger, Dan O'Brien and AverySilverstein represented the seller, Meadow Partners and SlateProperty Group in the multifamily disposition.

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"USAA Real Estate had conviction about the caliber of this newproperty and the institutional sponsorship. Their unwaveringcommitment during a difficult period in the capital markets ensureda timely execution for our client," said Gil. "USAA Real Estateprovided a custom debt solution that was perfect for thisacquisition."

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Multifamily Exterior 1Flatbush Ave. in Brooklyn

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.