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426 Lewis Avenue

Joshua Brown And Rayshaun Addison Secure $1.155M Refinance For Multifamily Property In Brooklyn
FINANCEDMultiFamily

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

Christopher J. Calabrese

Pushing Forward Realty

Landlord

$24.6M

vol

17 deals

Landlord
Pushing Forward Realty
Pushing Forward RealtyLandlord

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