Pinchus Schwartz Of Castling Capital Group Secures $2.6M Refinance For Multifamily Asset In Brooklyn
FINANCED
$2,600,000
New York
See Similar DealsMultiFamily18,000 SF
Financed 03/05/2025
FINANCED
Pinchus Schwartz Of Castling Capital Group Secures $2.6M Refinance For Multifamily Asset In Brooklyn
2 Oakland Place
See Similar DealsMultiFamily18,000 SF
Financed 03/05/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$144
Total Square Footage:18,000 SF
Transaction Type:Loan
The property asset located at 2 Oakland Place in Brooklyn is a multifamily building comprising 33 units and covering a total area of 18,000 square feet. The property was refinanced for an amount of $2,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Loan Type: Refinance
- Broker: Pinchus Schwartz - Castling Capital Group
- Date of Transaction: 03/05/2025
Pinchus Schwartz from Castling Capital Group represented the refinancing deal for the multifamily property, facilitating the financial transaction. For any finance inquiries, interested parties are directed to email [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,600,000.00
Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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