Saba Vahdat Secures $19 Million Refinance From Metropolitan Commercial Bank For Multifamily Asset In Brooklyn
FINANCED
$19,000,000
New York
See Similar DealsMultiFamily60,000 SF
Financed 04/24/2025
FINANCED
Saba Vahdat Secures $19 Million Refinance From Metropolitan Commercial Bank For Multifamily Asset In Brooklyn
1630 1650 Dean Street
See Similar DealsMultiFamily60,000 SF
Financed 04/24/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$316
Total Square Footage:60,000 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 1630-1650 Dean Street in Brooklyn. The property consists of 60,000 square feet and comprises 91 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Loan Type: Refinance
- Lender: Metropolitan Commercial Bank
- Landlord: Saba Vahdat
This transaction reflects the engagement of Saba Vahdat as the landlord, with Metropolitan Commercial Bank serving as the lender for the refinance loan facilitating this property deal. The details illustrate the collaboration between individuals and entities directly involved in the financing of the multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,000,000.00
Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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