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1539 Saint Johns Place

Eric Miller Of Parkway Realty Associates Refinances Multifamily Buildings In Crown Heights For $17.3M
FINANCEDMultiFamily

Eric Miller Of Parkway Realty Associates Refinances Multifamily Buildings In Crown Heights For $17.3M

1539 Saint Johns Place & 260 Buffalo Avenue

$17,300,000

Building Size

Asset Type

MultiFamily

Closing

May 15, 2025

AI

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:

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.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender

Eric Miller

Parkway Realty Associates

Landlord

$149.2M

vol

8 deals

Landlord

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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93