Davean Holdings Acquires Multifamily Property In Brooklyn's Crown Heights For $1.22M
1532 St Johns Pl, Brooklyn, NY 11213, USA
$1,220,000
$376/SF
Building Size
3,240 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
AI
The multifamily property located at 1532 St Johns Place in Brooklyn, Crown Heights has recently undergone a closed transaction. The property, measuring 3,240 square feet, was purchased in 2016 for $830,000. The current transaction involved a loan amount of $1,220,000 from Colorado Federal Savings Bank. The landlord of the property is Davean Holdings, represented by Sean Lefkovits and David Lloyd. The deal was facilitated by Eric Gleitman from Mercury Capital Markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 1532 St Johns Place
- Market: Brooklyn, Crown Heights
- Landlord: Davean Holdings – Sean Lefkovits and David Lloyd
- Loan Amount: $1,220,000
- Square Footage: 3,240
- Broker: Mercury Capital Markets – Eric Gleitman
In this transaction, Sean Lefkovits and David Lloyd, as representatives of Davean Holdings, successfully secured a loan of $1,220,000 from Colorado Federal Savings Bank for the multifamily property located at 1532 St Johns Place. Eric Gleitman from Mercury Capital Markets played a crucial role in facilitating the deal.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93