FINANCEDMultiFamily
HarborOne Bank Provides $7M Initial Loan For 544-552 Clinton Avenue Multifamily In Clinton Hill, Brooklyn
544 Clinton Ave Brooklyn, NY 11238, USA
$7,000,000
$670/SF
Building Size
10,447 SF
Asset Type
MultiFamily
Closing
Nov 2, 2022
AI
A multifamily property located at 544-552 Clinton Avenue in Clinton Hill, Brooklyn has recently undergone a property transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Square Footage: 10,447
- Address: 544-552 Clinton Avenue
- Market: Clinton Hill, Brooklyn
The lender for this transaction was HarborOne Bank, providing an initial loan amount of $7,000,000.
The landlord of the property is Crosstown Companies, represented by Anthony Musto.
Note: No additional information was available regarding the individuals and companies involved in this deal.Players
HarborOne BankLender
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93