Anthony Morena Acquires Multifamily Property In Greenpoint, Brooklyn For $2.9M
FINANCED
$2,900,000
New York
See Similar DealsMultiFamily2,614 SF
Financed 04/28/2020
FINANCED
Anthony Morena Acquires Multifamily Property In Greenpoint, Brooklyn For $2.9M
203 Richardson Street, Brooklyn, NY 11222
See Similar DealsMultiFamily2,614 SF
Financed 04/28/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,109
Total Square Footage:2,614 SF
Transaction Type:Loan
203 Richardson Street, located in Greenpoint, Brooklyn, was recently involved in a closed property transaction. The asset involved in this multifamily property, owned by landlord Anthony Morena, attracted the attention of lenders and brokers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Loan Amount: $2,900,000
- Term: 18 months – acquisition & renovation loan
- Lender: rosenthal''>Rosenthal & Rosenthal
- Landlord: Anthony Morena
- Broker: Michael Volpe - Highcap Group
The loan for this transaction, worth $2,900,000, was provided by Rosenthal & Rosenthal. Michael Volpe of Highcap Group represented the parties involved as the broker.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,900,000.00
Monthly NOI$19,333.33
Monthly Debt Service$18,329.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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