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346 Avenue U, Brooklyn, New...

Updated Oct 28, 2024

RedHoek&Partners Acquires Multifamily Property In Gravesend, Brooklyn For $22.5M
FINANCEDMultiFamily

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

S3 Capital
S3 CapitalLender

Lee Cohen

RedHoek

Landlord

$299M

vol

25 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $839 per square foot on a published $22.5M for 26,800 square feet (2022).

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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

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