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243 Ralph Avenue, Brooklyn,...

Schwartz Capital Group Provides $1.6M Loan For Mixed-Use Property In Bedford Stuyvesant, Brooklyn
FINANCEDMixed-use

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

Pinchus Schwartz

Castling Capital Group

Broker

$33.1M

vol

9 deals

Broker
Schwartz Capital Group
Schwartz Capital GroupLender

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