Updated Feb 16, 2024
Maguire Capital Provides $16.5M Loan For Multifamily Properties In Williamsburg & Carroll Gardens
130 South 2nd Street, South Williamsburg, Brooklyn, NY, USA
$16,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 11, 2021
About this deal
AI
The loan for the multifamily properties located at 130 South 2nd Street, 318 Bedford Avenue, 740 Driggs Avenue, 178 Meserole Street, 180 Meserole Street, 182 Meserole Street, 440 Lorimer Street, 342 Rodney Street, 68 Carroll Street, and 144 Huntington Street in Williamsburg and Carroll Gardens has been secured. The lender, Maguire Capital represented by Marvin Azrak, provided a loan amount of $16,500,000 with a term of 1 year. The landlord of the properties is Chaskiel Strulovitch.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,500,000
The loan was provided by Maguire Capital, with Marvin Azrak representing the lender in the deal. Chaskiel Strulovitch is the landlord of the properties.
On the Map
$16,500,000
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93