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Anshel Fridman Of Nalcorp Secures $31 Million Refinance Loan From Valley National Bank In Brooklyn
FINANCED
$31,000,000
New York
See Similar DealsMultiFamily67,822 SF
Financed 05/27/2026
FINANCED
Anshel Fridman Of Nalcorp Secures $31 Million Refinance Loan From Valley National Bank In Brooklyn
2605 Snyder Avenue
See Similar DealsMultiFamily67,822 SF
Financed 05/27/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$457
Total Square Footage:67,822 SF
Transaction Type:Loan
The property asset involved in this transaction is a 63-unit residential building located at 2605 Snyder Avenue in Flatbush, Brooklyn. The asset has a total square footage of 67,822 and is categorized as multifamily in terms of asset type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,000,000
- Address: 2605 Snyder Avenue
- Market: Brooklyn
- Lender: Valley National Bank
- Landlord: Anshel Fridman - Nalcorp
- Loan Type: Refinance
In this transaction, Nalcorp, represented through Rogers Plaza NY LLC, obtained a $31 million refinance loan from Valley National Bank. The refinancing pertains to the multifamily residential property situated in a Brooklyn market context.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,000,000.00
Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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