Updated May 21, 2025
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
Units
83
Asset Type
MultiFamily
Closing
May 15, 2025
About this deal
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:
- 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.
On the Map
$17,300,000
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn multifamily loans on Traded.
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