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Equitas Capital Group Provides $1.56M Acquisition Loan For Mixed-Use Property In Prospect Park, Brooklyn

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FINANCED
$1,560,000

New York

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Mixed-use3,507 SF
Financed 01/27/2022
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Property Image
FINANCED

Equitas Capital Group Provides $1.56M Acquisition Loan For Mixed-Use Property In Prospect Park, Brooklyn

1235 Prospect Avenue, Brooklyn, NY 11218

See Similar Deals
Mixed-use3,507 SF
Financed 01/27/2022
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$444
Total Square Footage:3,507 SF
Transaction Type:Loan

Located at 1235 Prospect Avenue in Prospect Park, Brooklyn, this mixed-use property spans a total area of 3,507 square feet. The transaction, which took place on January 27, 2022, involved an acquisition loan.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,560,000
  • Loan Amount: $1,560,000
  • Loan Type: Acquisition
  • Loan Terms: 3.57% rate, 25 years fixed amm, 10 years fixed term

The brokers involved in this deal were Alex Leykind and Michael Tsyngauz from Equitas Capital Group. Equitas Capital Group specializes in offering tailored solutions for commercial real estate financing needs. They prioritize building strong relationships with clients and understanding their individual needs and challenges. Through their expertise, market-leading technology, and dedicated team, they ensure client satisfaction by providing loans with the lowest rates and highest benefits in the shortest possible time. For more information on how they can assist with finding the best loans for commercial properties, contact Equitas Capital Group at tel:646.637.7510.

Players

Alex Leykind
75 deals$478M volume
BROKER

Michael Tsyngauz
Arrow Real Estate Advisors
11 deals$81M volume(347) 820-1797
BROKER

Details

FINANCED
IMAGE: Alex Leykind & Michael Tsyngauz DATE: 01/27/2022 ADDRESS: 1235 Prospect Avenue MARKET: Prospect Park, Brooklyn ASSET TYPE: Mixed-use ~ SF: 3,507 BROKERS: Alex Leykind (@AlexLeykind1) & Michael Tsyngauz (@MichaelTsyngauz) - Equitas Capital Group (@EquitasCapitalGroup) LOAN AMOUNT: $1,560,000 LOAN TYPE: Acquisition LOAN TERMS: 3.57% rate, 25 years fixed amm, 10 years fixed term NOTE FROM @EquitasCapitalGroup: Equitas Capital Group specializes in finding tailor-made solutions for your commercial real estate financing needs in a timely manner. As a relationship-driven firm, we invest time & resources in our clients, understanding their needs & challenges, & viewing each loan from their individual perspective. Our experts work tirelessly to find you loans with the lowest rates & highest benefits in the quickest amount of time. With our market-leading technology & dedicated team of experts, we guarantee you satisfaction with your transaction. Call us at tel:646.637.7510 to learn more about how we can help you find the best loans for your commercial properties.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,560,000.00

Monthly NOI$10,400.00
Monthly Debt Service$9,860.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00