Updated Oct 28, 2024
LIHC Investment Group Refinances Brooklyn Multifamily Property For $35M
1595 Fulton Street, Brooklyn, New York 11213, United States
$35,000,000
Units
248
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
The multifamily property at 1595 Fulton St. in Brooklyn has been refinanced for $35,000,000. The property consists of 248 units and is owned by LIHC Investment Group. The loan was provided by Lucas Family Holdings and Rockport Mortgage Corporation, represented by Dan Lyons.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Address: 1595 Fulton St.
- Market: Brooklyn
- Number of Units: 248
- Lender: Lucas Family Holdings & Rockport Mortgage Corporation - Dan Lyons
- Landlord: LIHC Investment Group
- Loan Type: Refinance
Andrew Gendron & Charlie Gendron were involved in the transaction, as seen in the accompanying image.
On the Map
$35,000,000
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93