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
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
6.63%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93