Updated Oct 5, 2026
FINANCEDMultiFamily
Yitzchok Schwartz Refinances Bedford Stuyvesant Multifamily Property For $8 Million With Broadview Capital
178 Throop Avenue
$8,000,000
$613/SF
Building Size
13,045 SF
Asset Type
MultiFamily
Closing
Sep 14, 2026
About this deal
AI
The asset involved in this transaction is a seven-unit residential building located at 178 Throop Avenue, situated in the Bedford Stuyvesant market of Brooklyn. The property encompasses a total square footage of 13,045 and has been refinanced for a total amount of $8 million.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,000,000
- Address: 178 Throop Avenue
- Market: Bedford Stuyvesant, Brooklyn
- Asset Size: 13,045 SF
- Lender: Broadview Capital
- Landlord: Yitzchok Schwartz
- Previous Loan Amount: $5,700,000
- Previous Lender: Apollo Global Management
- Loan Type: Refinance
Yitzchok Schwartz is the landlord involved in this refinancing deal, collaborating with Broadview Capital to secure the new loan. This transaction replaces a prior loan provided by Apollo Global Management, reflecting a significant financial maneuver in managing the property’s funding strategy.
On the Map
$8,000,000
$613/SF
MultiFamily
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Players
Broadview CapitalLender
Avenue 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93