Updated Oct 29, 2024
Acuity Capital Partners Secures $31.5M Loan For Multifamily Properties In Brooklyn/Manhattan
2269 1st Avenue, Brooklyn, NY, USA
$31,500,000
$455/SF
Building Size
69,093 SF
Asset Type
MultiFamily
Closing
Dec 10, 2020
About this deal
AI
A multifamily property located at 2269 First Avenue, 35 Delavan Street, and 21 Delavan Street in Brooklyn and Manhattan has been involved in a closed transaction. The property, owned by Acuity Capital Partners, received a loan of $31.5 million from Northwind Group on December 11, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $31.5M
- Lender: Northwind Group
- Landlord: Acuity Capital Partners
- Market: Brooklyn / Manhattan
Elliot Neumann and Ran Eliasaf were involved in facilitating the loan transaction.
The multifamily loan at 2269 1st Avenue, Brooklyn, NY, USA in New York, New York financed for $31.5M in 2020. The building is 69,093 square feet, implying about 455 per square foot on the published price. This page is the New York, New York file for the 2269 1st Avenue, Brooklyn, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 2269 1st Avenue, Brooklyn, NY, USA around 2020. Published consideration for 2269 1st Avenue, Brooklyn, NY, USA is $31.5M, dated 2020. Cite this Acuity Capital Partners Secures $31.5M Loan For Multifamily Properties In Brooklyn/Manhattan loan when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93