facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

25 Louis Place

Joshua Brown And Rayshaun Addison Of Pushing Forward Realty Secures $726K Cash Out Refinance Loan
FINANCEDMultiFamily

Joshua Brown And Rayshaun Addison Of Pushing Forward Realty Secures $726K Cash Out Refinance Loan

25 Louis Place

$726,000

$351/SF

Building Size

2,065 SF

Asset Type

MultiFamily

Closing

Jun 17, 2025

AI

The asset involved in this transaction is a multifamily property located at 25 Louis Place in Brooklyn. It encompasses a total square footage of 2,065 and is comprised of 2 units. A cash-out refinance was secured for the property, amounting to $726,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $726,000
  • Loan Officer: Rodney Lewis
  • Landlord: Joshua Brown & Rayshaun Addison
  • Agency: Pushing Forward Realty
  • Loan Type: Cash out refinance

The deal involves key individuals including Joshua Brown and Rayshaun Addison, both principals at Pushing Forward Development. For further inquiries, they can be contacted at [email protected].

Players

Rayshaun Addison

Pushing Forward Realty

Landlord

$7.1M

vol

7 deals

Landlord
Pushing Forward Realty
Pushing Forward RealtyLandlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

21.85%

Cash-on-Cash

-6.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93