Emerald Creek Capital Provides $2.9M Loan For Park Slope Multifamily Property
543 11th St, Brooklyn, NY 11215, USA
$2,900,000
$725/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
AI
The loan for the property located at 543 11th Street in Park Slop, Brooklyn was secured by Matt Dzbanek and Matt Fantuzzi. The multifamily property is zoned as R6B and has a building square footage (BSF) of 4,000 and a total square footage (SF) of 2,800.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 543 11th Street, Park Slop, Brooklyn
- Market: Park Slop, Brooklyn
- Zoning: R6B
Eagle Street Development, represented by Matthew Chua, Mateuzs Rostek, Daniel Chun, and Eric Chan, acted as the landlord in this deal. The loan originated from Matt Fantuzzi of Emerald Creek Capital.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93