Kings Capital Refinances Multifamily Properties In Bedford-Stuyvesant For $4.5M

A multifamily property located at 162 Sumpter St., 154 Sumpter St., and 145 Somers St. in Bedford-Stuyvesant, New York City, was recently involved in a loan transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Lender: Spencer Savings Bank
• Landlord: Kings Capital - Richard Wheeler
• Broker: John Harrington from KSRealEstateAdvisors

The loan amount for this transaction was $4,500,000.

Richard Wheeler from Kings Capital is the landlord of the property. John Harrington from KSRealEstateAdvisors acted as the broker in this deal.

In addition to this refinance, Kings Capital has entered into a hard contract to sell a multifamily property. They are currently seeking to acquire multiple properties within New York City and out of state for their 1031 exchange. For any potential opportunities, interested parties can email Kings Capital at [email protected].