Updated Jul 15, 2025
Haven Savings Bank Provides $2.715M Refinance Loan For Brooklyn Multifamily At 35 Cambridge Place
35 Cambridge Place, Brooklyn, NY 11238
$2,715,000
$590/SF
Building Size
4,599 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The multifamily property located at 35 Cambridge Place in Brooklyn has been involved in a recent loan transaction. The property spans 4,599 square feet and consists of 5 units, making it a desirable multifamily asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,715,000
- Address: 35 Cambridge Place
- Market: Brooklyn
- Square Footage: 4,599
- Number of Units: 5
The loan for this property was provided by Haven Savings Bank. The refinance loan amount was $2,715,000, secured by the landlord, Charles Quimby. The deal was facilitated by Brad Domenico and Gabby Cali, brokers from Progress Capital, who represented the parties involved in the transaction.
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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93