Updated Sep 1, 2026
Mendel Rabkin Secures $5.7 Million Refinance For 1325 Eastern Parkway In Crown Heights Brooklyn
1325 Eastern Parkway
$5,700,000
$139/SF
Building Size
40,790 SF
Asset Type
MultiFamily
Closing
Jun 29, 2026
About this deal
AI
The asset involved in the transaction is a 43-unit residential building located at 1325 Eastern Parkway in Crown Heights, Brooklyn. The building is classified as a multi-family asset and has a total square footage of 40,790. It was refinanced for a total of $5,700,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,700,000
- Address: 1325 Eastern Parkway
- Market: Crown Heights, Brooklyn
- Lender: Community Preservation Corporation (CPC)
- Landlord: Mendel Rabkin
- Loan Type: Refinance
Mendel Rabkin’s entity, 1325 Parkway Estates LLC, was responsible for securing the refinance from Community Preservation Corporation for the aforementioned property. This transaction reflects the involvement of key players in the real estate financing sector, focusing specifically on the local multifamily market.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93