Berkshire Group Provides $92.1M Loan For Multifamily Property In Midwood, Brooklyn
FINANCED
$92,080,000
New York
See Similar DealsMultiFamily3,823,750 SF
Financed 09/16/2020
FINANCED
Berkshire Group Provides $92.1M Loan For Multifamily Property In Midwood, Brooklyn
1263 E 14th St, Brooklyn, NY 11230, USA
See Similar DealsMultiFamily3,823,750 SF
Financed 09/16/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$24
Total Square Footage:3,823,750 SF
Transaction Type:Loan
The multifamily property located at 1263 E. 14th St. in Midwood, Brooklyn has been involved in a recent loan transaction. The loan amount for this transaction was $92,080,000. The property spans a total area of 382,375 square feet and consists of 302 units. The zoning for this property is classified as R7A.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $92,080,000
- Address: 1263 E. 14th St.
- Market: Midwood, Brooklyn
- Zoning: R7A
- Loan: Berkshire Group
- Landlord: Hampshire Properties
- SF: 382,375
- Units: 302
Berkshire Group served as the lender for this loan transaction, while Hampshire Properties acted as the landlord. The loan transaction provides Hampshire Properties with the necessary capital to support the multifamily property at 1263 E. 14th St. in Midwood, Brooklyn. The involvement of these key individuals and companies highlights their roles in facilitating the financial aspects of this property deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$92,080,000.00
Monthly NOI$613,866.67
Monthly Debt Service$582,008.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions