FINANCED
Pacific Street Properties Corp. Acquires Multi Family Property In Brooklyn For $1.855M
1898 Pacific Street
MultiFamily
10,000 SF
10,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
10,000 sqft
Located at 1898 Pacific Street in Brooklyn, New York, this multi-family property was recently involved in a closed transaction. The property, owned by Pacific Street Properties Corp., spans 10,000 square feet and comprises 12 units.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,855,000
- Lender: Sabal Capital Partners
- Lender's Representative: Pat Jackson
- Landlord: Pacific Street Properties Corp.
- Broker: Abe Mann
- Brokerage Agency: Progress.Capital
- Loan Terms: 80% loan-to-value ratio, 3.74% fixed interest rate for 5 years, non-recourse
The deal was facilitated by Abe Mann of Progress.Capital, representing the buyer or seller in the transaction. Pat Jackson, from Sabal Capital Partners, acted as the lender in this transaction.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Abe Mann
ADDRESS: 1898 Pacific Street
MARKET: Brooklyn
CITY: New York
ASSET TYPE: Multi Family
LENDER: Sabal Capital Partners, Pat Jackson
LANDLORD: Pacific Street Properties Corp.
BROKERS: Abe Mann, @Progress.Capital
LOAN AMOUNT: $1,855,000
LOAN TERMS: 80% LTV, 3.74% fixed for 5 YRS, non-recourse
SF: 10,000 UNITS: 12View on map
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Address1898 Pacific Street
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