Schwartz Capital Group Provides $1.6M Loan For Mixed-Use Property In Bedford Stuyvesant, Brooklyn
243 Ralph Avenue, Brooklyn, NY 11233
$1,600,000
$265/SF
Building Size
6,020 SF
Asset Type
Mixed-use
Closing
Dec 12, 2018
AI
Located at 241-243 Ralph Ave in the Bedford Stuyvesant neighborhood of Brooklyn, this mixed-use property recently underwent a closed transaction. The property, with an address in New York City, was part of a deal facilitated by Pinchus Schwartz of Schwartz Capital Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Market: Bedford Stuyvesant, Brooklyn
- Landlord: Wolf Brown
- Lender: Schwartz Capital Group (@schwartz_cap)
- Broker: Pinchus Schwartz - Schwartz Capital Group
Pinchus Schwartz of Schwartz Capital Group represented the parties involved in this closed property transaction. The loan amount for this deal was $1,600,000. The transaction took place on 12/13/2018.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93