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193 E 40th

Michael J. Gefter Represents LendingOne In $280,000 Loan For Multifamily Property In Brooklyn
FINANCEDMultiFamily

Michael J. Gefter Represents LendingOne In $280,000 Loan For Multifamily Property In Brooklyn

193 E 40th

$280,000

$99/SF

Building Size

2,808 SF

Asset Type

MultiFamily

Closing

Dec 20, 2022

AI

The property involved in this transaction is a MultiFamily asset located at 193 E 40th in Brooklyn. The loan amount secured for this property is $280,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $280,000.00
  • Address: 193 E 40th
  • Market: Brooklyn
  • Lender: LendingOne
  • Brokers: Michael J. Gefter

This transaction involves broker Michael J. Gefter representing the necessary parties while facilitating the loan process with LendingOne, ensuring smoother execution of the financing for the MultiFamily property.

Players

Michael Gefter

Wolf Investment Partners

Broker

$121.1M

vol

42 deals

Broker
LendingOne
LendingOneLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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