Kings Capital Refinances Brooklyn Heights Multifamily For $15.25M
148 Clinton Street, 150 Clinton Street & 176 Atlantic Avenue
$15,250,000
$234/SF
Building Size
65,016 SF
Asset Type
MultiFamily
Closing
May 13, 2024
AI
The multifamily property located at 148-150 Clinton St & 176 Atlantic Avenue in Brooklyn Heights has been involved in a loan transaction. The property spans 21,672 square feet and consists of 20 units. The loan amount for this refinance deal was set at $15,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,250,000
- Address: 148-150 Clinton St & 176 Atlantic Avenue
- Market: Brooklyn Heights
- Landlord: Jeffrey Znaty, George Giannopoulos & Thomas Giannopoulos - Kings Capital
- Brokers: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
The F2H Capital Group, represented by Farrukh Hasanov and Farkhad Hasanov, are debt advisors specializing in working with real estate investors for various commercial real estate transactions. They provide creative financing solutions for investors looking to acquire, refinance, or recapitalize properties, with a focus on serving clients in New York City and nationwide.
Players
Brooklyn 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93