Updated Jan 29, 2026
Ranco Capital Refinances 12-Unit Multifamily Asset In Bedford-Stuyvesant With Grasshopper Bank Loan For $3.8M
1073 Bedford Avenue
$3,800,000
Units
12
Asset Type
MultiFamily
Closing
Jan 16, 2026
About this deal
AI
The property asset involved in the transaction is a 12-unit multifamily residential walkup located at 1073 Bedford Avenue in the Bedford-Stuyvesant market. The total square footage of the property is 11,520 square feet, and it has been refinanced with a loan amount of $3,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Loan Type: Refinance
- Lender: Grasshopper Bank
- Landlord: Ranco Capital
- Market: Bedford-Stuyvesant
- Units: 12
The refinancing reflects Ranco Capital's ongoing activities with smaller multifamily assets in New York City. Grasshopper Bank's involvement indicates continued lender activity in the market despite the presence of higher interest rates.
On the Map
$3,800,000
MultiFamily
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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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93