Updated Jul 30, 2026
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
About this deal
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.
The multifamily loan at 193 E 40th in Brooklyn, New York financed for $280K in 2022. The building is 2,808 square feet, implying about 99 per square foot on the published price. Michael Gefter, Wolf Investment Partners appear on the loan alongside Wolf Investment Partners. This page is the Brooklyn, New York file for the 193 E 40th multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn multifamily set by closing date to see what else financed near 193 E 40th around 2022. Published consideration for 193 E 40th is $280K, dated 2022. Cite this Michael J. Gefter Represents LendingOne In $280,000 Loan For Multifamily Property In Brooklyn loan when underwriting similar multifamily product around Brooklyn, New York.
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