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239a Vernon Avenue

Pinchus Schwartz Of Castling Capital Group Secures $1.47M Acquisition Loan For Brooklyn Multifamily
FINANCEDMultiFamily

Pinchus Schwartz Of Castling Capital Group Secures $1.47M Acquisition Loan For Brooklyn Multifamily

239a Vernon Avenue

$1,470,000

$525/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Apr 2, 2025

AI

The property asset involved in this transaction is a multifamily building located at 239a Vernon Avenue in Brooklyn. It encompasses a total square footage of 2,800, and the acquisition loan amount secured for this transaction is $1,470,000.

Summary of transaction details:

Pinchus Schwartz represents Castling Capital Group in this acquisition deal, overseeing the financing aspects related to the multifamily property transaction.

Players

Pinchus Schwartz

Castling Capital Group

Broker

$33.1M

vol

9 deals

Broker

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

10.79%

Cash-on-Cash

-3.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93