Pinchus Schwartz Of Castling Capital Group Provides $1.875M Bridge Loan For Multifamily Property In Flatbush, Brooklyn
FINANCED
$1,875,000
+ 1
New York
See Similar DealsMultiFamily25,900 SF
Financed 01/24/2024
FINANCED
Pinchus Schwartz Of Castling Capital Group Provides $1.875M Bridge Loan For Multifamily Property In Flatbush, Brooklyn
2308 Albemarle Road
See Similar DealsMultiFamily25,900 SF
Financed 01/24/2024
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:25,900 SF
Transaction Type:Loan
The multifamily property located at 2308 Albemarle Road in Flatbush, Brooklyn has recently undergone a closed transaction. This property spans approximately 25,900 square feet and comprises 33 units, making it a notable asset in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Address: 2308 Albemarle Road
- Market: Flatbush, Brooklyn
- SF: 25,900
- Units: 33
Pinchus Schwartz from Castling Capital Group served as the lender for this transaction, providing a bridge loan of $1,875,000. The landlord involved in this deal is Shloishu Elunois. The brokers who facilitated this transaction were Daniel Greenblatt, Shaun Riney, and Zalman Yarmush from Marcus & Millichap, along with Pinchus Schwartz from Castling Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,875,000.00
Monthly NOI$12,500.00
Monthly Debt Service$11,851.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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