Bayport Funding Grants $3.06M Loan For Multifamily Property Acquisition On 5th Street, Brooklyn
445 5th St Brooklyn, Ny 11215, Usa
$3,060,000
$1,026/SF
Building Size
2,980 SF
Asset Type
MultiFamily
Closing
Jul 28, 2023
AI
The property at 445 5th Street is a multifamily asset situated in Brooklyn, with a total square footage of 2,980. The loan secured for its acquisition amounts to $3,060,000, facilitated by Bayport Funding, a lender specializing in providing portfolio loans to real estate investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,060,000
- Address: 445 5th Street
- Market: Brooklyn
- Lender: Bayport Funding
- Loan Type: Acquisition
- Loan Amount: $3,060,000
- Representative: Marcia Kaufman
Marcia Kaufman from Bayport Funding represents the lender in this transaction, highlighting her role in facilitating the acquisition and construction loan for the property at 445 5th Street.
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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93