Gowanus Cubes Refinances Multifamily Property In Coney Island & Gowanus For $35M
2885 West 15th Street, Brooklyn, New York 11224, United States
$35,000,000
$191/SF
Building Size
183,073 SF
Asset Type
MultiFamily
Closing
Jun 22, 2021
AI
The multifamily property located at 2885 West 15th Street and 126 4th Avenue in Coney Island & Gowanus has undergone a refinancing transaction. The property spans approximately 183,073 square feet and comprises 142 units. The loan for this transaction was provided by Igor Vaysberg of Hirshmark Capital, with a loan amount of $35,000,000. The landlord of the property is Gowanus Cubes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Address: 2885 West 15th Street & 126 4th Avenue
- Market: Coney Island & Gowanus
- Square Footage: 183,073
- Units: 142
In this refinancing deal, Igor Vaysberg from Hirshmark Capital acted as the lender. The landlord, Gowanus Cubes, was involved in the transaction as well.
Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93