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62 Coleman Street

Fannie Mae Refinances Multifamily Property In Bridgeport, CT With $5.25M Loan
FINANCEDMultiFamily

Fannie Mae Refinances Multifamily Property In Bridgeport, CT With $5.25M Loan

62 Coleman Street

$5,250,000

$124/SF

Building Size

42,120 SF

Asset Type

MultiFamily

Closing

Dec 13, 2023

AI

The multifamily property located at 62 Coleman Street in Bridgeport, CT has been involved in a loan transaction. The property spans a total of 42,120 square feet and consists of 41 units. The loan amount for this transaction is $5,250,000, and the loan type is a refinance. The loan terms include a fixed period of 5 years, with the first 3 years being interest-only.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,250,000
  • Address: 62 Coleman Street, Bridgeport, CT
  • Market: Bridgeport, CT
  • Square Footage: 42,120
  • Units: 41

Fannie Mae has provided the loan for this transaction. The landlord involved in the deal is Shneor Edelkopf. The brokerage representation for this transaction was handled by Abe Mann from Mann Capital Advisors.

Players

Abe Mann

Hudson Atlantic Capital

Broker

$308.6M

vol

46 deals

Broker
Fannie Mae
Fannie MaeLender

Bridgeport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93