FINANCEDMultiFamily
Michael Tsor Of Broadview Funding Provides $4,850,000 Loan For Multifamily Development In Brooklyn
102 Harman Street, 5 Alice Court, 2051 East 21st Street & 1223 Avenue Y
$4,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 14, 2026
AI
The transaction involves a multifamily asset located at 102 Harman Street, 5 Alice Court, 2051 East 21st Street, and 1223 Avenue Y in Brooklyn. The loan amount for the construction financing is $4,850,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Lender: Michael Tsor - Broadview Funding
- Landlord: Abickzer & Saad Family
- Loan Type: Construction
- Market: Brooklyn
The lender, Michael Tsor, represents Broadview Funding, a private debt fund that specializes in construction, bridge, and DSCR loans across the Tri-State area and Florida, offering loans up to $30 million. For inquiries, Michael Tsor can be contacted at [email protected] or via mobile at 516-344-7942.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93