Updated Feb 16, 2024
Bank Leumi Provides $28.2M Loan For Multifamily Property In Crown Heights
240 Crown Street, Crown Heights, Brooklyn, NY, USA
$28,200,000
$111/SF
Building Size
253,306 SF
Asset Type
MultiFamily
Closing
Jul 29, 2021
About this deal
AI
The multifamily property located at 240 Crown Street & 377 Montgomery Street in Crown Heights has been involved in a recent loan transaction. The lender, Bank Leumi, provided a loan amount of $28,200,000 for this property. Spanning across 253,306 square feet, the property consists of 232 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,200,000
- Address: 240 Crown Street & 377 Montgomery Street
- Market: Crown Heights
- Square Footage: 253,306
- Units: 232
Joseph Landau is the landlord of this multifamily property. The loan from Bank Leumi was likely facilitated through Joseph Landau's representation or connection with the bank.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93