Updated Oct 29, 2024
First National Bank Of Long Island Provides $2.6M Loan For Multifamily Property In Sunset Park, Brooklyn
337 44th Street, Brooklyn, NY 11220, USA
$2,600,000
$385/SF
Building Size
6,740 SF
Asset Type
MultiFamily
Closing
Jan 2, 2019
About this deal
AI
The multifamily property located at 337 44th Street in Sunset Park, Brooklyn, was recently involved in a transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Square Footage: 6,740 SF
- Lender: First National Bank of Long Island
- Landlord: Danny Figotin - Fimida Enterprises
- Brokers: Juniper Capital Group LLC - Jake Gluck
The loan for this transaction was provided by the First National Bank of Long Island. The landlord, Danny Figotin, represents Fimida Enterprises. Juniper Capital Group LLC, represented by Jake Gluck, served as the broker in the deal.
On the Map
$2,600,000
$385/SF
MultiFamily
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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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93