Equitas Capital Group Provides $11.4M Loan For Multifamily Portfolio In Brooklyn
2004 Glenwood Road, Brooklyn, New York 11210, United States
$11,400,000
$486/SF
Building Size
23,430 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
The property involved in this transaction is a multifamily asset located in Brooklyn. It includes three addresses: 2004 Glenwood Rd., 460 Prospect Ave., and 274 Dean St. The property has a total square footage of 44,968, making it a sizable investment.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Address: 2004 Glenwood Rd., 460 Prospect Ave., and 274 Dean St.
- Market: Brooklyn
- Loan Type: Refinance & Acquisition
- Loan Terms: Rate: 3.65%, Term: 5 years fixed, Amortization: 30 years
The deal was facilitated by Equitas Capital Group, represented by broker Alex Leykind. Equitas Capital Group specializes in providing customized financing solutions for commercial real estate. They invest time and resources in understanding their clients' needs and challenges, ensuring that each loan is tailored to their individual perspective.
To learn more about commercial real estate financing options, you can contact Equitas Capital Group at 646-637-7510 or [email protected].
Players
New York 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93