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763 Seneca Ave, Ridgewood, ...

@KlosedProperties Secures $1.1M Loan For Ridgewood Multifamily Property
FINANCEDMixed-use

@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

Ofir Shalom

Lev

Broker

$21.8M

vol

4 deals

Broker
Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker
Modern Bank
Modern BankLender
Klosed Properties
Klosed PropertiesLandlord

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