Arbor Realty Trust Provides $30.9M Loan For Multifamily Property At 2425 Nostrand Avenue, East Flatbush
FINANCED
$30,901,642
New York
See Similar DealsMultiFamily204,830 SF
Financed 06/09/2021
FINANCED
Arbor Realty Trust Provides $30.9M Loan For Multifamily Property At 2425 Nostrand Avenue, East Flatbush
2425 Nostrand Avenue, Brooklyn, NY, USA
See Similar DealsMultiFamily204,830 SF
Financed 06/09/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$150
Total Square Footage:204,830 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,901,642.00
Monthly NOI$206,010.95
Monthly Debt Service$195,319.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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