Updated Oct 28, 2024
Spencer Savings Bank Provides $2.3M Refinance Loan For 8-Unit Multifamily Property In Brooklyn
1672 Dean Street, Brooklyn, New York 11213, United States
$2,300,000
Units
8
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The multifamily property located at 1672 Dean Street in Brooklyn has recently undergone a refinance loan transaction. The property consists of 8 units, making it a valuable asset in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 1672 Dean Street, Brooklyn
- Market: Brooklyn
- Units: 8
The refinance loan for this property was provided by Spencer Savings Bank. The brokers involved in the deal were Brad Domenico and Frank Stanislaski from Progress Capital.
The multifamily loan at 1672 Dean Street, Brooklyn, New York 11213, United States in New York, New York financed for $2.3M in 2022. Reported inventory is 8 units across 8 units. Frank Stanislaski, Brad Domenico, Progress Capital appear on the loan alongside Progress Capital. This page is the New York, New York file for the 1672 Dean Street, Brooklyn, New York 11213, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 1672 Dean Street, Brooklyn, New York 11213, United States around 2022. Published consideration for 1672 Dean Street, Brooklyn, New York 11213, United States is $2.3M, dated 2022. Cite this Spencer Savings Bank Provides $2.3M Refinance Loan For 8-Unit Multifamily Property In Brooklyn loan when underwriting similar multifamily product around New York, New York.
Players
New York 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93