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121 Dikeman St, Brooklyn, N...

Updated Oct 29, 2024

HKS Real Estate Advisors Facilitates $2.55M Loan For 3,600 SF Multifamily Property In Red Hook
FINANCEDMultiFamily

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

Max Ralby

Newmark

Broker

$3.9B

vol

77 deals

Broker
HKS Real Estate Advisors
HKS Real Estate AdvisorsBrokerage
David Cohen

David Cohen

BHLD Capital

Landlord

$369.2M

vol

21 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $70 per square foot on a published $2.6M for 36,000 square feet (2019).

Visit Max Ralby to view all their deals.

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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

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