Kings Capital Secures $10.3M Construction Loan For Multifamily In Brooklyn Heights
148 Clinton Street, Brooklyn, New York 11201, United States
$10,300,000
$664/SF
Building Size
15,512 SF
Asset Type
MultiFamily
Closing
Oct 11, 2022
AI
The multifamily property located at 148 Clinton Street in Brooklyn Heights has been involved in a closed transaction. The property spans a total square footage of 15,512 and is situated in a prime location within the heart of New York City. The transaction took place on 10/12/2022 and was facilitated by Kings Capital. The landlords of the property are Tommy Giannopoulos and George Giannopoulos. The brokers involved in the deal were Farrukh Hasanov and Farkhad Hasanov from F2H Capital Group. The loan amount for the transaction was $10,300,000, and it was a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,300,000
- Address: 148 Clinton Street, Brooklyn Heights
- Market: Brooklyn Heights
- Square Footage: 15,512
- Landlord: Kings Capital - Tommy Giannopoulos & George Giannopoulos
- Brokers: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
F2H Capital Group, represented by Farrukh Hasanov and Farkhad Hasanov, provides debt advisory services to real estate investors across the country. They specialize in assisting investors with acquiring, refinancing, or recapitalizing commercial real estate properties. For investors with complex financing needs, F2H Capital Group offers creative financing solutions tailored to their specific requirements. To explore these financing options, interested parties can reach out to Farrukh Hasanov at 917-679-7995 or [email protected], and Farkhad Hasanov at 917-679-8680 or [email protected].
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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93