PNC Bank Provides $21.1M Loan For Multifamily Property In Flatbush
FINANCED
$21,133,000
New York
See Similar DealsMultiFamily53,877 SF
Financed 10/13/2021
FINANCED
PNC Bank Provides $21.1M Loan For Multifamily Property In Flatbush
2415 Church Avenue, Brooklyn, NY, USA
See Similar DealsMultiFamily53,877 SF
Financed 10/13/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$392
Total Square Footage:53,877 SF
Transaction Type:Loan
The multifamily property located at 2415 Church Avenue in Flatbush has undergone a loan transaction. The property spans an impressive 53,877 square feet and consists of 68 units. The loan transaction took place on October 13, 2021, with PNC Bank serving as the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,133,000
- Address: 2415 Church Avenue
- Market: Flatbush
- Square Footage: 53,877
- Units: 68
Ed Kalikow & Greg Kalikow of Kaled Management, the landlords of the property, engaged in the loan transaction. They represent their own interests and collectively manage the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,133,000.00
Monthly NOI$140,886.67
Monthly Debt Service$133,574.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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