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45 Center Street

Lev Brokers Refinances Multifamily Properties In Buffalo With $742.5K Loan
FINANCEDMultiFamily

Lev Brokers Refinances Multifamily Properties In Buffalo With $742.5K Loan

45 Center Street

$742,500

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2022

AI

The multifamily properties located at 45 Center St, 237 Laird Ave, 155 Center St, and 1924 Niagara St in Buffalo have undergone a refinancing transaction. The loan amount for this transaction was $742,500. The loan type is a refinance, and the loan terms include a 10-year term with 10 years of interest-only payments.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $742,500
  • Loan Type: Refinance
  • Loan Terms: 10-year term 10 years IO

The transaction was facilitated by the brokerage firm Lev, with brokers Yaakov Zar, Ethan Freilich, Maxwell Hulsh, and Rachel Kahen representing the parties involved.

Players

Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker

Buffalo 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

21.36%

Cash-on-Cash

-6.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93