Morgan Stanley Bank Provides $21M Loan For Multifamily Property In Flatbush
FINANCED
$21,000,000
New York
See Similar DealsMultiFamily41,606 SF
Financed 10/22/2021
FINANCED
Morgan Stanley Bank Provides $21M Loan For Multifamily Property In Flatbush
1694 Church Avenida, East Flatbush, Brooklyn, NY, USA
See Similar DealsMultiFamily41,606 SF
Financed 10/22/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$504
Total Square Footage:41,606 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 1694 Church Avenue in the Flatbush market. It spans a total square footage of 41,606 and comprises 48 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 1694 Church Avenue
- Market: Flatbush
- Square Footage: 41,606
- Number of Units: 48
Morgan Stanley Bank provided the loan for this transaction, amounting to $21,000,000. The landlord in this deal is Aini Assets.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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