facebook
Traded Co logo
Submit

Derby Copeland Capital Refinances Multi-Family Property For Joseph Ausch In Crown Heights For $6.875M

Property Image
FINANCED
$6,875,000

New York

See Similar Deals
MultiFamily18,994 SF
Financed 12/09/2024
the dealplayerscompscontact
Property Image
FINANCED

Derby Copeland Capital Refinances Multi-Family Property For Joseph Ausch In Crown Heights For $6.875M

195 Sullivan Place

See Similar Deals
MultiFamily18,994 SF
Financed 12/09/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:18,994 SF
Transaction Type:Loan

A refinance loan of $6,875,000 was closed by Derby Copeland Capital for a multi-family property located at 195 Sullivan Place in the Crown Heights neighborhood of Brooklyn, with a total square footage of 18,994.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,875,000
  • Address: 195 Sullivan Place
  • Market: Crown Heights
  • Lender: Derby Copeland Capital
  • Landlord: Joseph Ausch
  • Loan Type: Refinance

Derby Copeland Capital is a private equity firm based in New York City that specializes in opportunistic real estate-related debt financing and equity investments. Derby Copeland Management Group, LLC operates as a registered investment adviser.

Players

Michael Wittow
Michael Wittow
5 deals$197.3M volume
BROKER
Derby Copeland Capital
Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: 12/09/2024 ADDRESS: 195 Sullivan Place MARKET: Crown Heights ASSET TYPE: MultiFamily ~ SF: 18,994 LENDER: Derby Copeland Capital LANDLORD: Joseph Ausch LOAN AMOUNT: $6,875,000 LOAN TYPE: Refinance NOTE FROM LENDER: Derby Copeland Capital closed a refinancing loan for $6,875,000 at a multi-family property located at 195 Sullivan Place in the Crown Heights neighborhood of Brooklyn. Derby Copeland Capital is a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing & equity investments. Derby Copeland Management Group, LLC is a registered investment adviser. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,875,000.00

Monthly NOI$45,833.33
Monthly Debt Service$43,454.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00