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46 Highland Place, Nesconse...

Updated Oct 29, 2024

TD Bank Provides $3.3M Loan For Multifamily Properties In East Village And Carroll Gardens, BK
FINANCEDMultiFamily

TD Bank Provides $3.3M Loan For Multifamily Properties In East Village And Carroll Gardens, BK

46 Highland Place, Nesconset, NY 11767, USA

$3,300,000

Building Size

—

Asset Type

MultiFamily

Closing

Mar 18, 2020

About this deal

AI

The multifamily property at 51 E. 7th St in the East Village and 46 4th Pl in Carroll Gardens, BK was involved in a loan transaction. The loan was provided by TD Bank for an amount of $3,300,000. The loan terms include a fixed interest rate of 2.7% for a 10-year term. Gunnar Wilmot and Yaakov Zar from LevCapital served as brokers for this deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Address: 51 E. 7th St & 46 4th Pl
  • Market: East Village & Carroll Gardens, BK
  • Lender: TD Bank
  • Loan Terms: 2.7%, 10 Year Fixed Term
  • Broker: Gunnar Wilmot, Yaakov Zar @LevCapital

The loan transaction involving this multifamily property was facilitated by brokers Gunnar Wilmot and Yaakov Zar from LevCapital. They represented the parties involved in the deal and helped secure the loan from TD Bank.

On the Map

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$3,300,000

MultiFamily

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Players

Gunnar Wilmot

Lev

Broker

$13.6M

vol

4 deals

Broker
Yaakov Zar
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Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker
TD Bank
TD BankLender
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Nesconset 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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