Andrienne Knight Secures $2.125M Refinance Loan From Chase Bank For 11-Unit Brooklyn Multifamily
2328 Newkirk Avenue
$2,125,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 29, 2025
AI
The property asset involved in this transaction is a multifamily building located at 2328 Newkirk Avenue in Brooklyn, featuring a total of 11 units. The loan amount secured for this refinance is $2,125,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,125,000
- Lender: Chase Bank
- Loan Originator: Andrew Essick
- Landlord: Andrienne Knight
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
- Market: Brooklyn
This transaction highlights the role of Daniel Kowalsky as the broker representing Andrienne Knight in securing the refinance with Chase Bank, facilitated by loan originator Andrew Essick. The multifamily asset comprises 11 residential units, contributing to the vibrant market of Brooklyn.
Players
Brooklyn 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93