Updated Feb 16, 2024
Arbor Realty Trust Provides $3.5M Loan For Multifamily Property On Skillman Avenue
175 Skillman Ave, Brooklyn, NY 11211, USA
$3,486,000
$545/SF
Building Size
6,387 SF
Asset Type
MultiFamily
Closing
Feb 26, 2020
About this deal
AI
The multifamily property located at 175 Skillman Avenue in Williamsburg, Brooklyn has been involved in a closed transaction. The property was purchased by Francesco Palmeri. The transaction included a loan amount of $3,486,000 provided by Arbor Realty Trust. The property is situated in the Williamsburg market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,486,000
The deal was facilitated by Sal Tomaselli and Jason Black from PMSI Mortgage, who acted as brokers in the transaction.
The multifamily loan at 175 Skillman Ave, Brooklyn, NY 11211, USA in New York, New York financed for $3.5M in 2020. The building is 6,387 square feet, implying about 545 per square foot on the published price. Named participants on the 175 Skillman Ave, Brooklyn, NY 11211, USA loan are Sal Tomaselli, Jason Black. This page is the New York, New York file for the 175 Skillman Ave, Brooklyn, NY 11211, USA 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 175 Skillman Ave, Brooklyn, NY 11211, USA around 2020. Published consideration for 175 Skillman Ave, Brooklyn, NY 11211, USA is $3.5M, dated 2020. Cite this Arbor Realty Trust Provides $3.5M Loan For Multifamily Property On Skillman Avenue loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.55%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93