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278 Dean St Brooklyn, NY 11...

Equitas Capital Group Provides $2.4M Acquisition Loan For MultiFamily Property In New York City
FINANCEDMultiFamily

Equitas Capital Group Provides $2.4M Acquisition Loan For MultiFamily Property In New York City

278 Dean St Brooklyn, NY 11217, USA

$2,391,000

$293/SF

Building Size

8,150 SF

Asset Type

MultiFamily

Closing

Jul 6, 2023

AI

The multi-family property located at 278 Dean Street in New York City has been involved in a recent loan transaction. The property spans an impressive 8,150 square feet and consists of 8 units.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,391,000
  • Loan Type: Acquisition
  • Loan Terms: Term of 5 years fixed with a 1-year interest only; AMM; 30 years

Leading the deal is Alex Leykind from Equitas Capital Group, representing the buyer's side. Erik Yankelovich, Yosef Katz, and Shlomo Antebi from Atlas Realty Group are also brokers involved in this transaction.

Equitas Capital Group understands the challenges real estate investors face in a changing market. They aim to provide tailored financial solutions to help investors achieve success. For more information, interested parties can contact Equitas Capital Group at [email protected] or call 646-637-7510.

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.63%

Cash-on-Cash

-1.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93