Updated Oct 29, 2024
HKS Real Estate Advisors Facilitates $2.55M Loan For 3,600 SF Multifamily Property In Red Hook
121 Dikeman St, Brooklyn, NY 11231, USA
$2,550,000
$70/SF
Building Size
36,000 SF
Asset Type
MultiFamily
Closing
Dec 18, 2019
About this deal
AI
The multifamily property located at 121 Dikeman Street in Red Hook was recently involved in a closed transaction. The property spans a total of 3,600 square feet. The deal was facilitated by broker Max Ralby from HKS Real Estate Advisors. Valley Bank provided a loan amount of $2,550,000 for the transaction. The landlord of the property is David Cohen from BHLD Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 121 Dikeman Street
- Market: Red Hook
- BROKER: Max Ralby - HKS Real Estate Advisors
- LANDLORD: @theleecohen, David Cohen – BHLD Capital
The deal was successfully closed with the assistance of Max Ralby from HKS Real Estate Advisors as the broker representing the parties involved. This transaction showcases the experienced and reputable professionals in the real estate industry who played a crucial role in the seamless completion of the deal.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93