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
About this deal
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.
On the Map
$1,100,000
$234/SF
Mixed-use
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93