Updated Oct 29, 2024
Bruman Realty Refinances Multifamily Property In Greenpoint, Brooklyn For $25M With Webster Bank
146 Bayard Street
$25,000,000
Units
46
Asset Type
MultiFamily
Closing
Feb 22, 2023
About this deal
AI
Located at 146 Bayard Street in the Greenpoint neighborhood of Brooklyn, this multifamily property consisting of 46 units was recently involved in a loan transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Loan Type: Refinance
The loan for this property was secured from Webster Bank, with Jonathan Whitehouse representing the bank in the deal. The borrower of the loan is Bruman Realty, with Joseph Brunner as their representative. The loan, which was completed on February 22, 2023, involved refinancing the property.
On the Map
$25,000,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93