@KlosedProperties Secures $1.1M Loan For Ridgewood Multifamily Property
763 Seneca Ave, Ridgewood, NY 11385, USA
$1,100,000
$23/SF
Building Size
46,200 SF
Asset Type
Mixed-use
Closing
Aug 20, 2020
AI
A multifamily property located at 763 Seneca Avenue in Ridgewood has recently closed in a transaction. The loan amount for this deal was $1,100,000. The landlord of the property is @KlosedProperties. The deal was facilitated by Ofir Shalom and Yaakov Zar from @LevCapital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Lender: Modern Bank
- Landlord: @KlosedProperties
- Brokers: Ofir Shalom, Yaakov Zar from @LevCapital
The successful financing of this deal was made possible through the collaboration of @LevCapital and @KlosedProperties. They worked closely together to ensure a quick and efficient closing process.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93