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
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.
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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93