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
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