Updated Oct 28, 2024
Arbor Realty Trust Provides $53M Loan For Multifamily Property In Bedford-Stuyvesant
1134 Fulton Street, Bedford-Stuyvesant, Brooklyn, NY, USA
$53,000,000
$322/SF
Building Size
164,163 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
About this deal
AI
A multifamily property located at 1134 Fulton Street in Bedford-Stuyvesant has recently undergone a closed transaction. The property, with a total square footage of 164,163 and consisting of 116 residential units, was involved in the deal. The transaction took place on April 26, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Lender: Arbor Realty Trust
- Landlord: Bruman Realty
The lender for this transaction was Arbor Realty Trust, providing a loan amount of $53,000,000. Bruman Realty acted as the landlord in this deal. Ivan Kaufman facilitated the transaction as a representative of Arbor Realty Trust.
Players
New York 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93