Updated Oct 29, 2024
Pinchus Schwartz & Snco Capital Secure $5.9M Cash Out Refinance Loan For Brooklyn Multifamily
321 Chauncey Street, Brooklyn, NY, USA
$5,902,000
$3,421/SF
Building Size
1,725 SF
Asset Type
MultiFamily
Closing
Dec 1, 2020
About this deal
AI
A cash-out refinance loan of $5,902,000 was secured for a multifamily property in Brooklyn. The property is located at 321 Chauncey, 603 Wyona, 635 Vermont, and 643 Vermont. This transaction took place on December 2, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,902,000
- Lender: Arbor Realty Trust
- Broker: Pinchus Schwartz - Snco Capital
The loan was facilitated by Arbor Realty Trust. Pinchus Schwartz from Snco Capital represented the borrower in this deal.
The multifamily loan at 321 Chauncey Street, Brooklyn, NY, USA in New York, New York financed for $5.9M in 2020. The building is 1,725 square feet, implying about 3.4K per square foot on the published price. Pinchus Schwartz, Castling Capital Group appear on the loan alongside Castling Capital Group. This page is the New York, New York file for the 321 Chauncey Street, Brooklyn, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 321 Chauncey Street, Brooklyn, NY, USA around 2020. Published consideration for 321 Chauncey Street, Brooklyn, NY, USA is $5.9M, dated 2020. Cite this Pinchus Schwartz & Snco Capital Secure $5.9M Cash Out Refinance Loan For Brooklyn Multifamily loan when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93