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

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FINANCED
$22,500,000

New York

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MultiFamily26,800 SF
Financed 03/31/2022
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Property Image
FINANCED

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

346 Avenue U, Brooklyn, New York 11223, United States

See Similar Deals
MultiFamily26,800 SF
Financed 03/31/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$839
Total Square Footage:26,800 SF
Transaction Type:Loan

A mult

Players

LENDER

Lee Cohen
25 deals$299M volume
LANDLORD

Details

FINANCED
IMAGE: Robert Schwartz & Lee Cohen DATE: 03/31/2022 ADDRESS: 346 Avenue U MARKET: Gravesend, Brooklyn ASSET TYPE: Multifamily ~ SF: 26,800 ~ UNITS: 13 LENDER: S3 Capital Partners - Robert Schwartz & Shawn Safdie LANDLORD: RedHoek+Partners (@Redhoek) - Lee Cohen (@TheLeeCohen) LOAN AMOUNT: $22,500,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,500,000.00

Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00