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Avdoo & Partners Refinances Prospect Heights Multifamily For $7.95M

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FINANCED
$7,950,000
Timothy "Tim" Cox
Eli Terry
Jonathan Aghravi
+ 1

New York

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MultiFamily18,100 SF
Financed 12/12/2022
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Property Image
FINANCED

Avdoo & Partners Refinances Prospect Heights Multifamily For $7.95M

1133 Dean Street

See Similar Deals
MultiFamily18,100 SF
Financed 12/12/2022
Timothy "Tim" Cox
Eli Terry
Jonathan Aghravi
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$439
Total Square Footage:18,100 SF
Transaction Type:Loan

Located in Prospect Heights, Brooklyn, a multifamily property spanning approximately 18,100 square feet has recently undergone a loan refinancing. The property is situated at 1133 Dean Street, 1148 Union Street, and 724 Franklin Ave.

Summary of transaction details

The loan, totaling $7,950,000, has been secured for the multifamily property located in Prospect Heights, Brooklyn. The loan type is a refinance loan with terms set at an interest rate of 3.875% for a period of 5 years, with 3 years of interest-only payments.

Players

Jonathan Aghravi
JBA Equities
Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER
Eli Terry
JBA Equities
Eli Terry
18 deals$368.2M volume
BROKER
Timothy "Tim" Cox
JBA Equities
Timothy Cox
15 deals$456M volume
BROKER
Evan Srebrenik
JBA Equities
Evan Srebrenik
9 deals$118.9M volume(305) 978-2029
BROKER
AP
Avdoo & Partners
LANDLORD

Details

FINANCED
IMAGE: Jonathan Aghravi, Eli Terry, Evan Srebrenik & Timothy Cox DATE: 12/12/2022 ADDRESS: 1133 Dean Street, 1148 Union Street & 724 Franklin Ave MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily ~ SF: 18,100 LANDLORD: Avdoo & Partners BROKERS: Jonathan Aghravi (@JonnyAghravi), Eli Terry (@Mc_Eyt), Evan Srebrenik & Timothy Cox (@TimmyCox22) - JBA Equities LOAN AMOUNT: $7,950,000 LOAN TYPE: Refinance LOAN TERMS: 3.875%, 5 Years, 3 Years I/O

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,950,000.00

Monthly NOI$53,000.00
Monthly Debt Service$50,249.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00