Isreal Hirsch & Chayim Rosenfeld Secure $11.1M Refinance Loan From UBS For Brooklyn Multifamily
FINANCED
$11,100,000
New York
See Similar DealsMultiFamily15,000 SF
Financed
FINANCED
Isreal Hirsch & Chayim Rosenfeld Secure $11.1M Refinance Loan From UBS For Brooklyn Multifamily
22 Milford Street
See Similar DealsMultiFamily15,000 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$740
Total Square Footage:15000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 22 Milford Street in Brooklyn. The asset encompasses a total square footage of 15,000 and includes 43 residential units, reflecting its substantial scale within the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Date: 6/19/2025
- Lender: UBS
- Landlord: Isreal Hirsch & Chayim Rosenfeld
- Brokers: Jake Gluck & Michael Helmreich - Fortune Capital Group
- Loan Type: Refinance
- Loan Terms: City Fehps Loan - 5 Years, Full Term Interest Only
This deal features key individuals including Isreal Hirsch and Chayim Rosenfeld as landlords, with Jake Gluck and Michael Helmreich representing Fortune Capital Group as brokers for the transaction. The refinancing structure facilitated by UBS underscores the financial maneuvering in securing the asset's continued operation within the Brooklyn market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,100,000.00
Monthly NOI$74,000.00
Monthly Debt Service$70,159.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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