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2955 Brighton 5th Street

Updated Sep 5, 2024

Speed Post Secures $7.1M Refinance Loan For Brooklyn Multifamily Property
FINANCEDMultiFamily

Speed Post Secures $7.1M Refinance Loan For Brooklyn Multifamily Property

2955 Brighton 5th Street

$7,100,000

$395/SF

Building Size

17,940 SF

Asset Type

MultiFamily

Closing

Aug 15, 2022

About this deal

AI

A multifamily property located at 2955 Brighton 5th St. in Brooklyn has recently undergone a refinancing transaction. The property spans a total square footage of 17,940 and consists of 18 units. This asset was involved in a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,100,000
  • Address: 2955 Brighton 5th St.
  • Market: Brooklyn
  • Square Footage: 17,940
  • Number of Units: 18

The broker responsible for this transaction is Alex Leykind from Equitas Capital Group. Equitas Capital Group specializes in providing tailored solutions for commercial real estate financing needs. With a client-focused approach, they invest time and resources in understanding individual needs and challenges, ensuring each loan is viewed from the client's perspective. If you are seeking assistance with financing your next commercial property, you can contact Equitas Capital Group at 646-637-7510 or [email protected].

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $395 per square foot on a published $7.1M for 17,940 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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