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2561 Bedford Avenue, Brookl...

M.Y. Safra Provides $2.15M Refinance Loan For 8-Unit Multifamily In Bedford-Stuyvesant
FINANCEDMultiFamily

M.Y. Safra Provides $2.15M Refinance Loan For 8-Unit Multifamily In Bedford-Stuyvesant

2561 Bedford Avenue, Brooklyn, New York 11226, United States

$2,150,000

$381/SF

Building Size

5,633 SF

Asset Type

MultiFamily

Closing

Feb 10, 2022

AI

Located at 2561 Bedford Avenue in Bedford-Stuyvesant, this multifamily property encompasses a total of 5,633 square feet and consists of 8 units. The property was recently involved in a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Square Footage: 5,633
  • Units: 8
  • Market: Bedford-Stuyvesant

The lender for this transaction was M.Y. Safra, and the landlords involved were Regina Kravitz and Natan Kravitz. The loan type for the transaction was a refinance loan. Joe Hach from Leviathan Capital served as the broker for this transaction.

Players

Joseph Hach

Refined

Broker

$149.4M

vol

24 deals

Broker
Leviathan Capital
Leviathan CapitalBrokerage
M.Y. Safra
M.Y. SafraLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93