FINANCEDMultiFamily
Shlomo Weissberg Of Meridian Capital Secures $16.1M Loan For MultiFamily In Brooklyn
1533 E 19th St, Brooklyn, NY, 11230
$16,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2022
AI
The property located at 1533 E 19th St, Brooklyn, NY, 11230, in the Brooklyn market, is a MultiFamily asset involved in a recent transaction. The loan amount for this property was $16,100,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,100,000.00
- Borrower's Representative: Shlomo Weissberg(Meridian Capital Group)
- Lender: Bravo Capital
Shlomo Weissberg from the Meridian Capital Group represented the borrower in this deal, working with Bravo Capital as the lender.
Players
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93