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2 Oakland Place

Pinchus Schwartz Of Castling Capital Group Secures $2.6M Refinance For Multifamily Asset In Brooklyn
FINANCEDMultiFamily

Pinchus Schwartz Of Castling Capital Group Secures $2.6M Refinance For Multifamily Asset In Brooklyn

2 Oakland Place

$2,600,000

$144/SF

Building Size

18,000 SF

Asset Type

MultiFamily

Closing

Mar 5, 2025

AI

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:

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].

Players

Pinchus Schwartz

Castling Capital Group

Broker

$33.1M

vol

9 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93