Updated Oct 28, 2024
MF1 Capital Provides $48M Refinance Loan To Beitel Group For Multifamily Property In Flatbush
100 Lenox Road, Brooklyn, New York 11226, United States
$48,000,000
$535/SF
Building Size
89,622 SF
Asset Type
MultiFamily
Closing
Jun 1, 2022
About this deal
AI
The multifamily property located at 100 Lenox Road in Flatbush has recently undergone a refinancing transaction. The property spans over 89,622 square feet and consists of 95 units. The loan amount for this transaction was $48,000,000, and it was facilitated by MF1 Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,000,000
- Address: 100 Lenox Road
- Market: Flatbush
- Square Footage: 89,622
- Number of Units: 95
The loan was obtained by the Beitel Group, who acts as the landlord for this property. The Beitel Group worked with MF1 Capital to secure the refinancing deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93