Updated Sep 1, 2026
Urban View Secures $10 Million Loan From Fourleaf For Multifamily Property At 1079 Fulton Street
1079 Fulton Street
$10,000,000
$384/SF
Building Size
26,000 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
About this deal
AI
A multifamily property located at 1079 Fulton Street in Brooklyn has successfully closed a loan transaction. The asset encompasses 26,000 square feet and consists of 30 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,000,000
- Lender: Fourleaf
- Borrower: Urban View
- Broker: Avi Eyal - TrueCap
- Loan Type: Acquisition
The broker Avi Eyal from TrueCap has facilitated the loan arrangement, ensuring competitive terms and execution reliability for Urban View. TrueCap emphasizes its advisory role and commitment to sourcing appropriate capital for various transactions.
On the Map
$10,000,000
$384/SF
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93