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
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