HarborOne Bank Provides $7M Initial Loan For 544-552 Clinton Avenue Multifamily In Clinton Hill, Brooklyn
FINANCED
$7,000,000
New York
See Similar DealsMultiFamily10,447 SF
Financed 11/02/2022
FINANCED
HarborOne Bank Provides $7M Initial Loan For 544-552 Clinton Avenue Multifamily In Clinton Hill, Brooklyn
544 Clinton Ave Brooklyn, NY 11238, USA
See Similar DealsMultiFamily10,447 SF
Financed 11/02/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$670
Total Square Footage:10,447 SF
Transaction Type:Loan
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
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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