Updated Sep 5, 2024
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].
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93