facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

1671 Summerfield Street

Nadav Hamo Refinances 20,000 SF Multifamily Property In New York City For $9.65M
FINANCEDMultiFamily

Nadav Hamo Refinances 20,000 SF Multifamily Property In New York City For $9.65M

1671 Summerfield Street

$9,650,000

$482/SF

Building Size

20,000 SF

Asset Type

MultiFamily

Closing

Apr 28, 2023

AI

The multifamily property located at 1671 Summerfield Street in New York City has undergone a loan refinancing transaction. The property spans approximately 20,000 square feet and comprises 28 residential units.

Summary of transaction details

The loan refinancing was facilitated by BFCU, providing $9,650,000 in financing. Nadav Hamo serves as the landlord for the property, and the transaction was brokered by Avi Eyal from FM Capital.

For more information and to discuss your next or any financing needs, please contact Avi Eyal at [email protected].

Players

Avi Eyal

TrueCap

Broker

$140.1M

vol

13 deals

Broker
B
BFCULender
Nadav Hamo

Nadav Hamo

Urban View Development Group

Landlord

$68.1M

vol

9 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93