Updated Oct 28, 2024
RedHoek&Partners Acquires Multifamily Property In Gravesend, Brooklyn For $22.5M
346 Avenue U, Brooklyn, New York 11223, United States
$22,500,000
$839/SF
Building Size
26,800 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
A mult
The multifamily loan at 346 Avenue U, Brooklyn, New York 11223, United States in New York, New York financed for $22.5M in 2022. Reported inventory is 26,800 square feet across 13 units, or about 839 per square foot. Named participants on the 346 Avenue U, Brooklyn, New York 11223, United States loan are Lee Cohen. This page is the New York, New York file for the 346 Avenue U, Brooklyn, New York 11223, United States 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 346 Avenue U, Brooklyn, New York 11223, United States around 2022. Published consideration for 346 Avenue U, Brooklyn, New York 11223, United States is $22.5M, dated 2022. Cite this RedHoek&Partners Acquires Multifamily Property In Gravesend, Brooklyn For $22.5M loan when underwriting similar multifamily product around New York, New York.
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93