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828 Flatbush Avenue

Azra Khaski Secures $1.1M Refinance Loan On Brooklyn Mixed-Use Property
FINANCEDMixed-use

Azra Khaski Secures $1.1M Refinance Loan On Brooklyn Mixed-Use Property

828 Flatbush Avenue

$1,100,000

$234/SF

Building Size

4,700 SF

Asset Type

Mixed-use

Closing

Jul 3, 2024

AI

The property located at 828 Flatbush Avenue in Brooklyn is a mixed-use asset with a total square footage of 4,700. The loan for this property was secured with HAB Bank for a refinance type, amounting to $1,100,000. The landlord for this property is Azra Khaski with Morris Dweck from KSR acting as the broker.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,100,000
  • Address: 828 Flatbush Avenue
  • Market: Brooklyn
  • Loan Type: Refinance
  • Loan Terms: 5/30
  • Lender: HAB Bank
  • Landlord: Azra Khaski
  • Broker: Morris Dweck - KSR

Morris Dweck of KSR played a key role as the broker in facilitating this refinance deal. The involvement of HAB Bank as the lender highlights the financial aspect of the transaction, ensuring the successful completion of the refinance loan with favorable terms.

Players

Morris Dweck

Kassin Sabbagh Realty

Broker

$382.3M

vol

32 deals

Broker
Habib American Bank (HAB BANK)
Habib American Bank (HAB BANK)Lender

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93