Updated Oct 29, 2024
Urban Standard Capital Provides $1.85M Loan For Multifamily Property In Brooklyn With Broker Robert Tobias
26 Park Pl, Brooklyn, NY 11217, USA
$1,850,000
$616/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Aug 4, 2020
About this deal
AI
The multifamily property located at 26 Park Place in Brooklyn has recently undergone a closed transaction. The loan image associated with this transaction belongs to Robert Tobias and is dated 08/05/2020. The property, being situated in Brooklyn's market, offers a valuable investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Lender: Urban Standard Capital
- Broker: Robert Tobias - AGENCY
One of the key figures in this deal is the lender, Urban Standard Capital, which provided a loan amount of $1,850,000. Another important individual involved in this transaction is Robert Tobias, who represented the buyer or seller - other party information is not provided - in this deal, acting as the broker.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93