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2415 Church Avenue, Brookly...

Updated Oct 28, 2024

PNC Bank Provides $21.1M Loan For Multifamily Property In Flatbush
FINANCEDMultiFamily

PNC Bank Provides $21.1M Loan For Multifamily Property In Flatbush

2415 Church Avenue, Brooklyn, NY, USA

$21,133,000

$392/SF

Building Size

53,877 SF

Asset Type

MultiFamily

Closing

Oct 12, 2021

About this deal

AI

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.

On the Map

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$21,133,000

$392/SF

MultiFamily

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Players

PNC Bank
PNC BankLender
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $392 per square foot on a published $21.1M for 53,877 square feet (2021).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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