FINANCEDMultiFamily
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
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.
New Brunswick 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93