Cetinkaya Family Secures $1.9M Loan With M.Y Safra Bank For Cobble Hill Multifamily
FINANCED
$1,900,000
New York
See Similar DealsMultiFamily4,400 SF
Financed 02/28/2019
FINANCED
Cetinkaya Family Secures $1.9M Loan With M.Y Safra Bank For Cobble Hill Multifamily
42 Butler Street, Brooklyn, NY, USA
See Similar DealsMultiFamily4,400 SF
Financed 02/28/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:4,400 SF
Transaction Type:Loan
The multifamily property located at 42 Butler St. in Cobble Hill, BK was involved in a closed transaction on February 28, 2019. The property spans a total area of 4,400 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Address: 42 Butler St., Cobble Hill, BK
- Lender: M.Y Safra Bank
- Landlord: Cetinkaya Family
- Loan Terms: cashout refi at 4.75%
The deal was facilitated by Danny Sassoon, a broker representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,900,000.00
Monthly NOI$12,666.67
Monthly Debt Service$12,009.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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