Investors Bank Provides $1.26M Acquisition Loan For Multifamily Property In Brooklyn
FINANCED
$1,260,000
New York
See Similar DealsMultiFamily3,093 SF
Financed 04/21/2022
FINANCED
Investors Bank Provides $1.26M Acquisition Loan For Multifamily Property In Brooklyn
109 Albany Avenue, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily3,093 SF
Financed 04/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$407
Total Square Footage:3,093 SF
Transaction Type:Loan
The multifamily property located at 109 Albany Avenue in Brooklyn has recently been involved in a loan transaction. The property spans an area of 3,093 square feet and comprises four units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 04/21/2022
- Address: 109 Albany Avenue, Brooklyn
- Market: Brooklyn
- Square Footage: 3,093
- Number of Units: 4
The loan for this property was provided by Investors Bank. The loan amount for the acquisition is $1,260,000.
John Libretti of Progress Capital acted as the broker for this deal, representing the buyer.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,260,000.00
Monthly NOI$8,400.00
Monthly Debt Service$7,964.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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