facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

393 Bleecker St, Brooklyn, ...

Updated May 12, 2025

Albert Dweck's Duke Properties Refinances Brooklyn Multifamily With Loan From Sabal Financial
FINANCEDMultiFamily

Albert Dweck's Duke Properties Refinances Brooklyn Multifamily With Loan From Sabal Financial

393 Bleecker St, Brooklyn, NY 11237, USA

$3,970,000

$360/SF

Building Size

11,000 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

About this deal

AI

The asset involved in this transaction is a multifamily property located at 393 Bleecker Street and 1821 Putnam Avenue, Brooklyn, NY. The transaction amount reached $3,970,000 with a loan to value ratio of 80%. The property encompasses a total square footage of 11,000 square feet. The fixed interest rate for this loan is set at 3.74% for a duration of five years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,970,000
  • Address: 393 Bleecker Street / 1821 Putnam Avenue, Brooklyn, NY
  • Loan Amount: $3,970,000
  • Rate: 3.74% Fixed for 5 Years
  • Loan to Value: 80%
  • Square Footage: 11,000 sf
  • Landlord: Albert Dweck, Duke Properties
  • Brokers: Brad Domenico, Partner Progress Capital
  • Lender: John Darrow, Sabal Financial

In this transaction, Albert Dweck represents Duke Properties as the landlord, while Brad Domenico acts as the broker, partnering with Progress Capital. The financing for the deal is facilitated by John Darrow from Sabal Financial.

On the Map

Open live map

$3,970,000

$360/SF

MultiFamily

View full map

Players

Brad Domenico

Cushman & Wakefield

Broker

$4B

vol

137 deals

Broker
Progress Capital
Progress CapitalBrokerage
Sabal Capital Partners
Sabal Capital PartnersLender

Albert Dweck

Duke Properties

Landlord

$29.8M

vol

10 deals

Landlord
Bilt advertisement

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $360 per square foot on a published $4M for 11,000 square feet (2020).

Visit Brad Domenico to view all their deals.

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.00%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets