Updated Jan 22, 2025
Dimitri P. Venekas Refinances Multifamily Property On Charles Street For $1.35M
5 Charles Street
$1,350,000
$201/SF
Building Size
6,712 SF
Asset Type
MultiFamily
Closing
Dec 16, 2022
About this deal
AI
The property involved in this transaction is a multifamily building located at 5 Charles Street in New Brunswick. The property has a total square footage of 6,712. The transaction took place on December 16, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000 (Loan Amount)
- Loan Type: Refinance
The deal was facilitated by Dimitri P. Venekas of Cosmos Capital Group, who acted as the broker in this transaction.
The multifamily loan at 5 Charles Street in New Brunswick, New Jersey financed for $1.4M in 2022. Reported inventory is 6,712 square feet across 14 units, or about 201 per square foot. Dimitri P. Venekas, Cosmos Capital Group appear on the loan alongside Cosmos Capital Group. This page is the New Brunswick, New Jersey file for the 5 Charles Street multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New Brunswick sit in the Market section below. Filter that New Brunswick multifamily set by closing date to see what else financed near 5 Charles Street around 2022. Published consideration for 5 Charles Street is $1.4M, dated 2022. Cite this Dimitri P. Venekas Refinances Multifamily Property On Charles Street For $1.35M loan when underwriting similar multifamily product around New Brunswick, New Jersey.
New Brunswick MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93