Updated Sep 11, 2026
H.I.G. Capital Provides $56M Refinance Loan For 1499 Bedford Ave In Crown Heights, Brooklyn
1499 Bedford Avenue
$56,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 29, 2023
About this deal
AI
The multifamily property located at 1499 Bedford Avenue in Crown Heights, Brooklyn has recently undergone a refinancing transaction. The property has a building size of 110,000 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $56,000,000
- Address: 1499 Bedford Avenue
- Market: Crown Heights, Brooklyn
- Lender: H.I.G. Capital
- Landlord: Cheskie Weisz & Neal Einhoren
Managing the financing for this transaction is H.I.G. Capital. Cheskie Weisz and Neal Einhoren hold the property's landlord positions. The broker representing this deal is Shlomo Goldstein from Skyline Capital.
On the Map
$56,000,000
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93