Pinchus Schwartz Of Castling Capital Group Secures $2.65M Refinance Loan For Brooklyn Multifamily Property
1518 Jefferson Avenue
$2,650,000
$417/SF
Building Size
6,347 SF
Asset Type
MultiFamily
Closing
Mar 7, 2025
AI
The property asset involved in this transaction is located at 1518 Jefferson Avenue in Brooklyn. This multifamily asset comprises 6,347 square feet and contains six residential units. The transaction involves a refinance loan amount of $2,650,000 with a fixed interest rate of 5.85% for a term of five years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Loan Type: Refinance
- Loan Terms: 5.85% Rate 5 Years fixed
- Address: 1518 Jefferson Avenue
- Market: Brooklyn
- Asset Size: 6,347 SF
- Number of Units: 6
- Broker: Pinchus Schwartz - Castling Capital Group
The key individual involved in this deal is Pinchus Schwartz, who represents Castling Capital Group, a real estate capital advisory firm that specializes in providing debt and equity solutions for investors across the nation.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93