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1518 Jefferson Avenue

Pinchus Schwartz Of Castling Capital Group Secures $2.65M Refinance Loan For Brooklyn Multifamily Property
FINANCEDMultiFamily

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.

Players

Pinchus Schwartz

Castling Capital Group

Broker

$33.1M

vol

9 deals

Broker

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