Joshua Brown And Rayshaun Addison Secure $1.155M Refinance For Multifamily Property In Brooklyn
426 Lewis Avenue
$1,155,000
$444/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 426 Lewis Avenue, Brooklyn. The property features a total square footage of 2,600 and comprises 2 units, facilitating residential accommodation in the market area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Loan Type: Refinance
- Landlord: Joshua Brown & Rayshaun Addison - Pushing Forward Realty
- Date of Transaction: 8/29/2025
This transaction highlights the involvement of Joshua Brown and Rayshaun Addison, both serving as principals at Pushing Forward Realty. Inquiries regarding this transaction can be directed to [email protected].
Players
Brooklyn 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
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93