Albert Dweck Of Duke Properties Secures $1.6M Loan For Multifamily Property At 568 Jefferson Avenue In Bedford-Stuyvestant With Savoy Bank
FINANCED
$1,600,000
New York
See Similar DealsMultiFamily2,200 SF
Financed 02/01/2021
FINANCED
Albert Dweck Of Duke Properties Secures $1.6M Loan For Multifamily Property At 568 Jefferson Avenue In Bedford-Stuyvestant With Savoy Bank
568 Jefferson Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
See Similar DealsMultiFamily2,200 SF
Financed 02/01/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$727
Total Square Footage:2,200 SF
Transaction Type:Loan
A $1,600,000 loan has been secured for a multifamily property located at 568 Jefferson Avenue in the Bedford-Stuyvestant market. The loan terms are for 12 months with interest-only payments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 568 Jefferson Avenue
- Market: Bedford-Stuyvestant
Savoy Bank provided the loan for this transaction. The landlord, Albert Dweck of Duke Properties, successfully secured the loan with the assistance of Brad Domenico and John Libretti of Progress Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,600,000.00
Monthly NOI$10,666.67
Monthly Debt Service$10,113.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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