FINANCEDMultiFamily
Anshel Fridman Of Nalcorp Secures $31 Million Refinance Loan From Valley National Bank In Brooklyn
2605 Snyder Avenue
$31,000,000
$457/SF
Building Size
67,822 SF
Asset Type
MultiFamily
Closing
May 27, 2026
AI
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.
Players
Brooklyn 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93