Avdoo & Partners Refinances Prospect Heights Multifamily For $7.95M

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

• Property Type: Multifamily
• Transaction Amount: $7,950,000
• Loan Type: Refinance
• Loan Terms: 3.875%, 5 Years, 3 Years I/O
• Landlord: Avdoo & Partners
• Brokers: Jonathan Aghravi, Eli Terry, Evan Srebrenik & Timothy Cox - JBA Equities

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.