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
- Property Type: Multifamily
- Transaction Amount: $9,650,000
- Lender: BFCU
- Landlord: Nadav Hamo
- Broker: Avi Eyal - FM Capital
- Loan Type: Refinance
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
Market 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93