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
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