Updated Oct 28, 2024
Arbor Realty Trust Provides $30.9M Loan For Multifamily Property At 2425 Nostrand Avenue, East Flatbush
2425 Nostrand Avenue, Brooklyn, NY, USA
$30,901,642
$150/SF
Building Size
204,830 SF
Asset Type
MultiFamily
Closing
Jun 8, 2021
About this deal
AI
The multifamily property located at 2425 Nostrand Avenue in East Flatbush has been involved in a recent loan transaction. The loan amount for this transaction is $30,901,642.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,901,642
- Market: East Flatbush
- Lender: Arbor Realty Trust
- Landlord: Malek Management & Coney Realty Group
The loan for this property was provided by Arbor Realty Trust. Malek Management & Coney Realty Group are the landlords involved in this transaction.
The multifamily loan at 2425 Nostrand Avenue, Brooklyn, NY, USA in New York, New York financed for $30.9M in 2021. The building is 204,830 square feet, implying about 150 per square foot on the published price. This page is the New York, New York file for the 2425 Nostrand Avenue, Brooklyn, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 2425 Nostrand Avenue, Brooklyn, NY, USA around 2021. Published consideration for 2425 Nostrand Avenue, Brooklyn, NY, USA is $30.9M, dated 2021. Cite this Arbor Realty Trust Provides $30.9M Loan For Multifamily Property At 2425 Nostrand Avenue, East Flatbush loan when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93