Updated Sep 5, 2024
Juan Salazar Refinances Multifamily Property In Brooklyn For $3.95M Through Axos Bank - Jake Gluck Of Fortune CGR Represents
413 57th Street, Brooklyn, NY 11220, USA
$3,950,000
$493/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
The multifamily property located at 413 57th St. in Brooklyn was recently involved in a loan transaction. The property spans approximately 8,000 square feet and consists of 12 units. The loan amount for this transaction was $3,950,000, and it was a refinancing deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 413 57th St., Brooklyn
- Market: Brooklyn
- Square Footage: 8,000
- Units: 12
Axos Bank served as the lender for this loan transaction. The landlord of the property is Juan Salazar. The broker involved in the deal was Jake Gluck from Fortune CGR.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93