LendingOne Provides $280,000 Loan For MultiFamily Property At 193 E 40th In Brooklyn
193 E 40th
$280,000
$99/SF
Building Size
2,808 SF
Asset Type
MultiFamily
Closing
Dec 20, 2022
AI
The property asset involved in this transaction is a MultiFamily unit located at 193 E 40th in Brooklyn. The loan amount secured for this asset totals $280,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $280,000.00
- Address: 193 E 40th
- Market: Brooklyn
- Lender: LendingOne
- Broker: Michael J. Gefter
This transaction features key individuals such as Michael J. Gefter, representing the broker involved in this deal. LendingOne is the financial institution providing the loan for this MultiFamily asset.
Players
Brooklyn 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
56.65%
Cash-on-Cash
-16.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93