Updated Oct 28, 2024
Arbor Realty Trust Provides $2.1M Refinance Loan For Fort Greene Multifamily Property
19 South Oxford Street, Brooklyn, New York 11217, United States
$2,067,000
Units
10
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
Arbor Realty Trust provided a refinancing loan of $2,067,000 for a multifamily property located at 19 S. Oxford St. in Fort Greene. The property consists of 10 units and is situated in a desirable market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,067,000
- Address: 19 S. Oxford St.
- Market: Fort Greene
- Units: 10
Jonathan Mendes of Arbor Realty Trust served as the lender's representative in this transaction. The loan was provided to refinance the property, providing the necessary financing for continued operation and potential improvements.
Players
New York 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
7.67%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93