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Moses Karpen Secures $12.3M Refinance Loan From Parke Bank For Williamsburg Multifamily At 141 Ross Street
FINANCED
$12,300,000
New York
See Similar DealsMultiFamily20,800 SF
Financed 06/18/2025
FINANCED
Moses Karpen Secures $12.3M Refinance Loan From Parke Bank For Williamsburg Multifamily At 141 Ross Street
141 Ross Street
See Similar DealsMultiFamily20,800 SF
Financed 06/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$591
Total Square Footage:20,800 SF
Transaction Type:Loan
A multifamily property located at 141 Ross Street in Williamsburg, Brooklyn, consists of 17 units across a total square footage of 20,800. Recently, this property underwent a refinancing process with a loan amount of $12,300,000 from Parke Bank, replacing previous debt from BridgeCity Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,300,000
- Address: 141 Ross Street
- Market: Williamsburg, Brooklyn
- Lender: Parke Bank
- Landlord: Moses Karpen
- Loan Type: Refinance
Moses Karpen is identified as the landlord for the property, actively engaging in this refinancing transaction with Parke Bank to manage financial obligations related to his multifamily asset.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,300,000.00
Monthly NOI$82,000.00
Monthly Debt Service$77,744.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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