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Moshe Deutsch And Joel Jacob Refinance 54-unit Multifamily At 1620 New York Avenue For $21M
FINANCED
$21,000,000
New York
See Similar DealsMultiFamily47,337 SF
Financed 01/13/2026
FINANCED
Moshe Deutsch And Joel Jacob Refinance 54-unit Multifamily At 1620 New York Avenue For $21M
1620 New York Avenue
See Similar DealsMultiFamily47,337 SF
Financed 01/13/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$443
Total Square Footage:47,337 SF
Transaction Type:Loan
A 54-unit elevator multifamily building located at 1620 New York Avenue in East Flatbush, Brooklyn, has been refinanced with a loan amount of $21,000,000. The property encompasses a total square footage of 47,337, catering to the housing needs within the local market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 1620 New York Avenue
- Market: East Flatbush, Brooklyn
- Lender: Bravo Capital
- Landlord: Moshe Deutsch & Joel Jacob
- Loan Type: Refinance
- Units: 54
The refinancing deal was orchestrated by Bravo Capital, which facilitated the transition from prior debt held with Midland States Bank. Moshe Deutsch and Joel Jacob are the landlords involved in this transaction, highlighting their role in managing the property and securing financing for its continued operation.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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