Updated Sep 22, 2026
Joseph Safdie Secures $3,050,000 Refinance For 6-Unit Multifamily At 336 Manhattan Avenue
336 Manhattan Avenue
$3,050,000
$813/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Jun 25, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 336 Manhattan Avenue in Brooklyn. The asset encompasses 3,750 square feet and includes a total of 6 units, with a loan amount of $3,050,000 associated with it.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,050,000
- Loan Type: Refinance
- Loan Terms: 5 Years, Rate: 5.75%
- Loan-to-Value: 60%
- Borrower: Joseph Safdie
- Brokers: Jacob Kassin & Ariel Arje - JOJA Capital
- Time to Close: 45 Days
The key individuals involved in this deal are Joseph Safdie, the borrower, and brokers Jacob Kassin and Ariel Arje, representing JOJA Capital. JOJA Capital specializes in arranging debt for various real estate owners and developers across the country, offering services such as permanent debt, bridge loans, and construction financing.
Players
Brooklyn 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93