Dean Street Ventures Secures $6.88 Million Loan From Derby Copeland For Brooklyn Multifamily Acquisition
104 Fort Greene Place, 112 Fort Greene Place & 1094 Dean Street
$6,888,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 26, 2025
AI
The transaction involves a multifamily asset located at 104 Fort Greene Place, 112 Fort Greene Place, and 1094 Dean Street in Brooklyn. The acquisition loan amount is $6,888,000, facilitated by Derby Copeland as the lender.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,888,000
- Lender: Derby Copeland
- Landlord: Dean Street Ventures, Fund 1 – Jeremy Sedrish, Ian Miller, & David Lloyd
- Brokers: Michael Lee, Ayush Kapahi & Jacob Kaufman - HKS Real Estate Advisors
- Date of Transaction: 8/26/2025
The deal involves key individuals such as Jeremy Sedrish, Ian Miller, and David Lloyd representing the landlord. Brokers Michael Lee, Ayush Kapahi, and Jacob Kaufman from HKS Real Estate Advisors facilitated the transaction, ensuring a smooth acquisition process for the multifamily asset.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93