Updated Feb 16, 2024
Emmanouil Neonakis Refinances Park Slope Multifamily For $1.6M With Dime Community Bank
319 20th St, Brooklyn, NY 11215, USA
$1,600,000
$24/SF
Building Size
65,600 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
About this deal
AI
An multifamily property located at 319 20th Street in Park Slope, Brooklyn has recently undergone a refinancing transaction. The loan amount for this transaction was $1,600,000 with a fixed interest rate of 2.84%. The property spans across 6,560 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 319 20th Street
- Market: Park Slope, Brooklyn
In this refinancing deal, the lender involved was Dime Community Bank. The landlord of the property is Emmanouil Neonakis. Simon Rosenfeld from Meridian Capital Group served as the broker representative in this transaction.
Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93