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1075 Dean Street, Brooklyn,...

Updated Feb 16, 2024

Leverage Capital Provides $1.1M Rental Loan For 2,000 SF Brooklyn Condo
FINANCED

Leverage Capital Provides $1.1M Rental Loan For 2,000 SF Brooklyn Condo

1075 Dean Street, Brooklyn, New York 11216, United States

$1,127,500

$563/SF

Building Size

2,000 SF

Asset Type

Closing

Dec 29, 2021

About this deal

AI

Located at 1075 Dean Street in Brooklyn, this 2,000 square foot condo was recently involved in a closed transaction. The property, captured in a photo by Matt Neptun, is situated in a vibrant market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,127,500
  • Address: 1075 Dean Street, Brooklyn
  • Market: Brooklyn
  • Loan Type: Rental
  • Loan Terms: 360 months
  • Loan Interest Rate: 4.88%
  • Lender: Leverage Capital
  • Landlord: John Anderson
  • Originator: Matt Neptun - Leverage Capital

The deal was facilitated by Matt Neptun, a representative from Leverage Capital. John Anderson serves as the landlord of the property. The loan, provided by Leverage Capital, amounts to $1,127,500 and has a 360-month term with an interest rate of 4.88%. The property's characteristics and transaction details capture the essence of this successful closed deal.

Players

Leverage Capital Ventures
Leverage Capital VenturesLender

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Deal FAQ

About $563 per square foot on a published $1.1M for 2,000 square feet (2021).

Browse New York loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.07%

Cash-on-Cash

-4.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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