Updated Oct 29, 2024
Mark Guindi's GD Capital Acquires Multifamily Property In Stuyvesant Heights, Brooklyn For $1.4M
443 Hancock St, Brooklyn, NY 11233, USA
$1,432,500
$232/SF
Building Size
6,160 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
About this deal
AI
The property involved in this transaction is a multifamily building located at 443 Hancock Street in Stuyvesant Heights, Brooklyn. The loan for this property was facilitated by Mark Guindi of GD Capital and Brad Domenico, the broker involved in the deal. The lender for this transaction was Valley National Bank, with Jamie Payne representing the bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,432,500
- Loan Terms: Fixed Rate for 5 Years, 30 Year Amortization, 75% LTV
- Units: 4
- Landlord: Mark Guindi - GD Capital
The individuals and companies involved in this deal include Mark Guindi of GD Capital, who serves as the landlord for this property, and Brad Domenico, the broker who facilitated the transaction. Valley National Bank provided the loan, with Jamie Payne representing the bank in this deal.
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
11.07%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93