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3509-3511 Farragut Road

Fahad Rajput Of Blacklist Capital Secures $5.8M Refinance Loan For Multifamily Property In Brooklyn
FINANCEDMultiFamily

Fahad Rajput Of Blacklist Capital Secures $5.8M Refinance Loan For Multifamily Property In Brooklyn

3509-3511 Farragut Road

$5,800,000

$483/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Nov 14, 2024

AI

The property asset involved in this transaction is a multifamily building located at 3509-3511 Farragut Road in Brooklyn. It encompasses a total square footage of 12,000 and contains 18 units. The loan amount secured for this property is $5,800,000, classified as a refinance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 3509-3511 Farragut Road
  • Market: Brooklyn
  • Asset Size: 12,000 SF
  • Number of Units: 18
  • Lender: Issac Krispin - Atlas Invest
  • Landlord: Fahad Rajput - Blacklist Capital

The key individuals involved in this deal include Fahad Rajput, who represents Blacklist Capital, an investment firm focused on sustainable investments and exceptional returns. The transaction was facilitated by Issac Krispin, who is associated with Atlas Invest as the lender for the loan. Blacklist Capital is open to accredited investors.

Players

IL
Ibi Sbl Investment LpLender

Brooklyn 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93