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Davean Holdings Acquires Multifamily Property In Brooklyn's Crown Heights For $1.22M

Property Image
FINANCED
$1,220,000

New York

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MultiFamily3,240 SF
Financed 11/30/2020
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Property Image
FINANCED

Davean Holdings Acquires Multifamily Property In Brooklyn's Crown Heights For $1.22M

1532 St Johns Pl, Brooklyn, NY 11213, USA

See Similar Deals
MultiFamily3,240 SF
Financed 11/30/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$376
Total Square Footage:3,240 SF
Transaction Type:Loan

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:

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

Eric Gleitman
24 deals$126.1M volume
BROKER

Colorado Federal Savings Bank
LENDER

Sean Lefkovits
Davean Holdings
34 deals$295.5M volume
LANDLORD

David Lloyd
Davean Holdings
31 deals$266.4M volume
LANDLORD

Details

FINANCED
IMAGE: Sean Lefkovits, David Lloyd & Eric Gleitman ADDRESS: 1532 St Johns Place MARKET: Brooklyn, Crown Heights ASSET TYPE: Multifamily LENDER: Colorado Federal Savings Bank LANDLORD: Davean Holdings – Sean Lefkovits and David Lloyd LOAN AMOUNT: $1,220,000 SF: 3,240 BROKERS: @MercuryCapitalMarkets – Eric Gleitman NOTE: Property was purchased in 2016 for $830k. Through expert management […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,220,000.00

Monthly NOI$8,133.33
Monthly Debt Service$7,711.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00