Updated Dec 21, 2023
Hagai Lanaido Refinances Multifamily Property On Dean St In Crown Heights For $2.1M
1666 Dean Street, Crown Heights, Brooklyn, NY, USA
$2,100,000
$1,105/SF
Building Size
1,900 SF
Asset Type
MultiFamily
Closing
Apr 1, 2019
About this deal
AI
An multifamily property located at 1666 Dean St in Crown Heights, Brooklyn has recently undergone a refinance transaction. The loan amount for this transaction was $2.1 million. The landlord for this property is Hagai Lanaido.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2.1M
- Date: 04/02/2019
- Address: 1666 Dean St
- Market: Crown Heights, BK
- Lender: Bethpage Federal Credit Union
- Loan Type: Refinance
- Landlord: Hagai Lanaido
- Broker: Brad Domenico, Partner @progress.capital
The loan for this transaction was secured through Bethpage Federal Credit Union. Brad Domenico, a partner at progress.capital, acted as the broker in this deal. It is important to note that the loan for this transaction is non-recourse.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93