Morgan Stanley Bank Provides $21M Loan For Multifamily Property In Flatbush
1694 Church Avenida, East Flatbush, Brooklyn, NY, USA
$21,000,000
$504/SF
Building Size
41,606 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
AI
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.
Players
Brooklyn 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93