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Eric Miller Of Parkway Realty Associates Refinances Multifamily Buildings In Crown Heights For $17.3M
FINANCED
$17,300,000
New York
See Similar DealsMultiFamily
Financed 05/15/2025
FINANCED
Eric Miller Of Parkway Realty Associates Refinances Multifamily Buildings In Crown Heights For $17.3M
1539 Saint Johns Place & 260 Buffalo Avenue
See Similar DealsMultiFamily
Financed 05/15/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The transaction involves two elevator residential buildings located at 1539 Saint Johns Place and 260 Buffalo Avenue in Crown Heights, Brooklyn. The asset type is multifamily with a total of 83 units. The loan amount secured for refinancing these properties is $17,300,000 through J.P. Morgan Chase.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,300,000
- Lender: J.P. Morgan Chase
- Landlord: Eric Miller - Parkway Realty Associates
- Loan Type: Refinance
This refinancing deal was facilitated by Parkway Realty Associates, which is represented by Eric Miller in the transaction, reflecting their commitment to improving the properties in the Crown Heights area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,300,000.00
Monthly NOI$115,333.33
Monthly Debt Service$109,347.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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