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Chaskel Landau Of LC Management USA Secures $20.6M Refinance From A&E Real Estate Holdings
FINANCED
$20,600,000
New York
See Similar DealsMultiFamily26,987 SF
Financed 07/31/2025
FINANCED
Chaskel Landau Of LC Management USA Secures $20.6M Refinance From A&E Real Estate Holdings
303 Wythe Avenue
See Similar DealsMultiFamily26,987 SF
Financed 07/31/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$763
Total Square Footage:26,987 SF
Transaction Type:Loan
The property asset involved in this transaction is a 22-unit multifamily residential building located at 303 Wythe Avenue in Williamsburg, Brooklyn, with a total square footage of 26,987. The transaction reflects a loan amount of $20,600,000 secured for refinancing purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,600,000
- Address: 303 Wythe Avenue
- Market: Williamsburg, Brooklyn
- Units: 22
- Landlord: Chaskel Landau - LC Management USA
- Lender: A&E Real Estate Holdings
Chaskel Landau from LC Management USA was instrumental in securing the refinance from A&E Real Estate Holdings, indicating a strategic financial maneuver for the residential building in question.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,600,000.00
Monthly NOI$137,333.33
Monthly Debt Service$130,206.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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