Dwight Mortgage Trust Provides $75.2M Refinance Loan For Multifamily Property In Flatbush, Brooklyn
210 Clarkson Avenue
$75,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 2, 2024
AI
The multifamily property located at 210 Clarkson Avenue in Flatbush, Brooklyn has recently undergone a refinancing transaction. The property consists of 165 units and is owned by K2 Real Estate Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,150,000
- Address: 210 Clarkson Avenue
- Market: Flatbush, Brooklyn
- Lender: Dwight Mortgage Trust - Josh Sasouness & Dustin Braham
- Brokers: Meir Kessner & David Eisen - Sevenstone Capital
- Loan Type: Refinance
The loan for the refinancing was provided by Dwight Mortgage Trust, with Josh Sasouness and Dustin Braham representing the lender. The brokers involved in the deal were Meir Kessner and David Eisen, who represented Sevenstone Capital.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93