Updated Feb 16, 2024
Hirshmark Capital Provides $1.3M Loan For Multifamily Property On 55 Decatur Street, Bedford-Stuyvesant, Brooklyn
55 Decatur Street, Bedford-Stuyvesant, Brooklyn, NY, USA
$1,300,000
$401/SF
Building Size
3,240 SF
Asset Type
MultiFamily
Closing
Jul 12, 2020
About this deal
AI
Located in Bedford-Stuyvesant, Brooklyn, the multifamily property at 55 Decatur Street has recently been involved in a closed transaction. The property, known for its multifamily characteristics, is situated in a thriving market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 55 Decatur Street, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
The lender, Hirshmark Capital, provided a loan amount of $1,300,000 for this transaction. The landlord in this deal is Angela Barreto. Assisting in the transaction was Bert R. Dweck from Hirshmark Capital representing the buyer or seller.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93