Updated Oct 28, 2024
KEB Hana Bank USA Provides $3.88M Loan For Multifamily Properties In Brooklyn
338 Warwick Street, Brooklyn, NY, USA
$3,880,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 19, 2021
About this deal
AI
A multifamily property in Brooklyn has been involved in a recent transaction. The property is located at 338 Warwick, 508 Hegeman, 695 Pennsylvania, and 1123 Sutter. The transaction took place on July 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,880,000
- Market: Brooklyn
The loan for this transaction was provided by KEB Hana Bank USA. The loan amount is $3,880,000 with a 5-year term, 30-year amortization, 3.75% interest rate, and 75% loan-to-value ratio.
The brokers involved in this deal are Moshe Seidenfeld and Ben Schwartz from Eastern Union Funding, representing the buyer and seller.
On the Map
$3,880,000
MultiFamily
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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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93