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
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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