Updated Sep 11, 2026
Valley National Bank Provides $80M Refinance Loan For Multifamily Property In Crown Heights, Brooklyn
1010 Pacific Street
$80,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2023
About this deal
AI
The multifamily property located at 1010 Pacific Street in Crown Heights, Brooklyn has undergone a refinancing transaction. The loan amount for this transaction was $80,000,000. The lender involved in this refinancing deal is Valley National Bank. The landlord of the property is David Bistricer. The broker representatives for this transaction are Leah Paskus and Pinchas Vogel from Landstone Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Lender: Valley National Bank
- Landlord: David Bistricer
- Broker: Leah Paskus & Pinchas Vogel - Landstone Capital Group
The individuals and companies involved in this refinancing deal include David Bistricer as the landlord and Leah Paskus and Pinchas Vogel as the broker representatives from Landstone Capital Group. They played crucial roles in facilitating the loan transaction for the multifamily property at 1010 Pacific Street in Crown Heights, Brooklyn.
On the Map
$80,000,000
MultiFamily
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Players
Brooklyn 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93