Equitas Capital Group Arranges $4.6M Refinance Loan For Mixed-Use Property On W 17th Street, Brooklyn
2873 West 17th Street, Brooklyn, New York 11224, United States
$4,627,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 31, 2022
About this deal
AI
The mixed-use property located at 2873 W 17th Street in Brooklyn was involved in a recent closed transaction. The property features a combination of residential and commercial spaces. The transaction took place on 11/01/2022.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $4,627,000
- Address: 2873 W 17th Street, Brooklyn
- Market: Brooklyn
The transaction was facilitated by Alex Leykind from Equitas Capital Group. As a representative of Equitas Capital Group, Alex Leykind played a key role in the deal.
The loan obtained for this transaction was a refinance loan. The loan amount was $4,627,000 with a rate of 4.98%. The loan term was 20 years, with an amortization period of 30 years. The loan was non-recourse and assumable.
If you're in need of commercial financing, Equitas Capital Group is an experienced boutique brokerage that can help you secure a loan at competitive rates and favorable terms. You can contact them at 646-637-7510 or via email at [email protected].
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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93