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2201 Beverley Road

Updated Nov 20, 2025

David Bistricer Of Clipper Equity Secures $20M Loan From Valley National Bank For Flatbush Multifamily
FINANCEDMultiFamily

David Bistricer Of Clipper Equity Secures $20M Loan From Valley National Bank For Flatbush Multifamily

2201 Beverley Road

$20,000,000

$83/SF

Building Size

239,709 SF

Asset Type

MultiFamily

Closing

Nov 7, 2025

About this deal

AI

The asset involved in this transaction is a multifamily residential property located at 2201 Beverley Road, Flatbush, Brooklyn. The total square footage of the building is 239,709, and it consists of 296 residential units. The property is part of the financial arrangement involving a loan amounting to $20,000,000, which is in addition to an existing loan of $105,000,000 from Valley National Bank, bringing the total financing to $125,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,000,000
  • Address: 2201 Beverley Road
  • Market: Flatbush, Brooklyn
  • Square Footage: 239,709
  • Lender: Valley National Bank
  • Landlord: David Bistricer - Clipper Equity

The key individuals involved in this transaction include David Bistricer, who represents Clipper Equity in this deal. The financial backing for the property is being provided by Valley National Bank, which plays a significant role in the funding of this multifamily development.

On the Map

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$20,000,000

$83/SF

MultiFamily

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Players

Valley National Bank
Valley National BankLender

David Bistricer

Clipper Equity

Landlord

$2.8B

vol

24 deals

Landlord
Clipper Equity
Clipper EquityLandlord
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Brooklyn MultiFamily Market Snapshot

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Deal FAQ

About $83 per square foot on a published $20M for 239,709 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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