Updated Feb 16, 2024
NYCB Provides $3.35M Loan For Multifamily Property In Brooklyn With Landlord Stavros Haviaras
2801 Beverley Road, Brooklyn, NY, USA
$3,350,000
$71/SF
Building Size
47,000 SF
Asset Type
MultiFamily
Closing
Dec 27, 2020
About this deal
AI
2801 Beverly Road, a multifamily property located in Brooklyn, was recently involved in a closed transaction. The property spans across 47,000 square feet and consists of 48 units. The deal, which took place on December 28, 2020, involved a loan of $3,350,000 with an interest rate of 3.125%. The lender for this transaction was NYCB.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Square Footage: 47,000
- Address: 2801 Beverly Road
- Market: Brooklyn
Stavros Haviaras served as the landlord for this transaction. The broker representing the deal was Simon Rosenfeld from Meridian Capital Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Stavros Haviaras to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93