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Joshua Brown And Rayshaun Addison Secure $1.634M Construction Loan For Multifamily Development In Brooklyn

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FINANCED
$1,634,000
Joshua Brown
Christopher J. Calabrese
+ 1

New York

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MultiFamily4,500 SF
Financed 05/28/2025
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FINANCED

Joshua Brown And Rayshaun Addison Secure $1.634M Construction Loan For Multifamily Development In Brooklyn

347 Chauncey Street

See Similar Deals
MultiFamily4,500 SF
Financed 05/28/2025
Joshua Brown
Christopher J. Calabrese
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:4,500 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 347 Chauncey Street in Brooklyn. The total square footage of the property is 4,500. The transaction includes a construction loan amounting to $1,634,000, with terms set for a duration of 1 year.

Summary of transation details:

The transaction is represented by Joshua Brown and Rayshaun Addison, who are both principals at Pushing Forward Realty, along with Daniel Hyde. They oversee multifamily development and acquisitions, and can be contacted through [email protected]. Note from the landlord's representative indicates their involvement in development initiatives.

Players

14 deals$15.2M volume(516) 778-8360
BROKER


Daniel Hyde
Pushing Forward Realty
2 deals$3.7M volume
BROKER

Christopher J. Calabrese
The CS Organization
17 deals$24.6M volume(718) 612-4699
ORIGINATOR

Details

FINANCED
IMAGE: Christopher J. Calabrese, Joshua Brown, Rayshaun Addison & Daniel Hyde DATE: 5/28/2025 ADDRESS: 347 Chauncey Street MARKET: Brooklyn ASSET TYPE: MultiFamily ~ SF: 4,500 LANDLORD: Joshua Brown & Rayshaun Addison LANDLORD'S REP: Joshua Brown (@JoshOnDemand), Rayshaun Addison (@Ray_Addison) & Daniel Hyde (@Danielk.Hyde) - Pushing Forward Realty (@PushingForwardRealty) LOAN AMOUNT: $1,634,000 LOAN TYPE: Construction LOAN TERMS: 1 Year NOTE FROM LANDLORD'S REP: Pushing Forward Development Joshua Brown-Principal Rayshaun Addison- Principal Multifamily Development. Acquisitions. [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,634,000.00

Monthly NOI$10,893.33
Monthly Debt Service$10,327.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00