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561 Pacific Street, Boerum ...

Bank Leumi Provides $21.8M Loan For Residential Condo In Boerum Hill
FINANCED

Bank Leumi Provides $21.8M Loan For Residential Condo In Boerum Hill

561 Pacific Street, Boerum Hill, Brooklyn, NY, USA

$21,800,000

$1,851/SF

Building Size

11,775 SF

Asset Type

Closing

Aug 27, 2021

AI

Located in Boerum Hill, this residential condo at 561 Pacific Street recently underwent a closed transaction. The loan, originating from Bank Leumi, amounted to $21,800,000. The property is owned by Dvir Cohen-Hoshen & Omri Sachs, represented by Adam America Real Estate.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $21,800,000
  • Address: 561 Pacific Street
  • Market: Boerum Hill

The deal involved Dvir Cohen-Hoshen & Omri Sachs, the owners of the property, and the lender Bank Leumi. Representing the owners is Adam America Real Estate. This transaction marks a significant acquisition in the residential condo market in Boerum Hill.

Players

Bank Leumi
Bank LeumiLender

Dvir Cohen-Hoshen

Adam America Real Estate

Landlord

$27.8M

vol

2 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93