Pinchus Schwartz Of Castling Capital Group Secures $1.47M Acquisition Loan For Brooklyn Multifamily
FINANCED
$1,470,000
New York
See Similar DealsMultiFamily2,800 SF
Financed 04/02/2025
FINANCED
Pinchus Schwartz Of Castling Capital Group Secures $1.47M Acquisition Loan For Brooklyn Multifamily
239a Vernon Avenue
See Similar DealsMultiFamily2,800 SF
Financed 04/02/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$525
Total Square Footage:2,800 SF
Transaction Type:Loan
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:
- Property Type: Multifamily
- Transaction Amount: $1,470,000
- Address: 239a Vernon Avenue
- Market: Brooklyn
- Loan Type: Acquisition
- Broker: Pinchus Schwartz - Castling Capital Group
Pinchus Schwartz represents Castling Capital Group in this acquisition deal, overseeing the financing aspects related to the multifamily property transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,470,000.00
Monthly NOI$9,800.00
Monthly Debt Service$9,291.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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