Red Fox Capital Provides $17M Loan For Multifamily Property In Brooklyn
619 Throop Avenue, Brooklyn, NY 11216
$17,000,000
$510/SF
Building Size
33,288 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
AI
A multifamily property located at 619 Throop Avenue in Brooklyn has been involved in a recent loan transaction. The loan was provided by Red Fox Capital in the amount of $17,000,000. The loan term is set for 24 months.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 619 Throop Avenue, Brooklyn
- Market: Brooklyn
The property is owned by Rivington Company, represented by Travis Stabler and Alejandra Rincon. The brokers involved in the transaction were Jonathan More, Lexington Henn, and Steve Buchwald.
Players
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93