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
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