Daily limit: 0/10
WM Realty Management Secures $5.8M Refinance From Flushing Bank For 75-Unit Multifamily In Sheepshead Bay
FINANCED
$5,800,000
New York
See Similar DealsMultiFamily
Financed 02/06/2026
FINANCED
WM Realty Management Secures $5.8M Refinance From Flushing Bank For 75-Unit Multifamily In Sheepshead Bay
1777 Ocean Parkway
See Similar DealsMultiFamily
Financed 02/06/2026
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily residential building located at 1777 Ocean Parkway in Sheepshead Bay, Brooklyn. The asset comprises 75 units and was refinanced for an amount of $5,800,000. The lender for this refinancing was Flushing Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 1777 Ocean Parkway
- Market: Sheepshead Bay, Brooklyn
- Lender: Flushing Bank
- Landlord: WM Realty Management
- Loan Type: Refinance
- Units: 75
WM Realty Management, through 1777 Management Co. LLC, was responsible for securing the refinancing from Flushing Bank, facilitating the financial needs for the property located at 1777 Ocean Parkway. This transaction showcases the active management and financial strategies employed by WM Realty Management in the multifamily real estate market.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions