Ilya Muratov And Sam Muratov Secure $1.895M Refinance Loan From Jovia Financial Credit Union
44 Rockaway Avenue
$1,895,000
$224/SF
Building Size
8,460 SF
Asset Type
Mixed-use
Closing
Apr 30, 2025
AI
The property involved in the transaction is a mixed-use asset located at 44 Rockaway Avenue in Brooklyn, with a total square footage of 8,460. The loan provided for this property amounts to $1,895,000 and is classified as a refinance loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,895,000
- Address: 44 Rockaway Avenue
- Market: Brooklyn
- Lender: Jovia Financial Credit Union
- Landlord: Ilya Muratov & Sam Muratov
- Brokers: Yoel Goldberg & Alex Jaffa - Eastern Union
- Loan Type: Refinance
Key individuals involved in this transaction include Ilya Muratov and Sam Muratov, who are the landlords for the property. The deal was facilitated by brokers Yoel Goldberg and Alex Jaffa, who represent the landlords in this transaction.
Players
Brooklyn 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
8.37%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93