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372 Palmetto St Brooklyn, N...

Carver Federal Savings Bank Provides $1.64M Refinance Loan For 3-Unit Multifamily At 372 Palmetto St NYC
FINANCEDMultiFamily

Carver Federal Savings Bank Provides $1.64M Refinance Loan For 3-Unit Multifamily At 372 Palmetto St NYC

372 Palmetto St Brooklyn, NY 11237, USA

$1,640,000

$525/SF

Building Size

3,120 SF

Asset Type

MultiFamily

Closing

Jun 26, 2023

AI

The property at 372 Palmetto Street in New York City has been refinanced with a loan amount of $1,640,000. This multifamily property spans 3,120 square feet and consists of 3 units. The lender for this transaction is Carver Federal Savings Bank, and the landlord is Asher Pashkes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,640,000
  • Square Footage: 3,120
  • Units: 3

In addition to the key individuals involved in this deal, such as the lender, landlord, and property details described above, the brokers who facilitated this loan refinance are Peter Cohen, Joseph Hach, and Max Goveia. Their expertise played a crucial role in ensuring a successful transaction and meeting the financing needs of the property.

Players

Joseph Hach

Refined

Broker

$149.4M

vol

24 deals

Broker
Carver Federal Savings Bank
Carver Federal Savings BankLender

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

9.67%

Cash-on-Cash

-2.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93