Updated Mar 11, 2025
Savoy Bank Provides $1.41M Loan For Multifamily Property In Stuyvesant Heights, Brooklyn
568 Jefferson Avenue, Brooklyn, NY 11221
$1,410,000
$640/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
Located in Stuyvesant Heights, Brooklyn, the multifamily property at 568 Jefferson Avenue has recently closed in a transaction. The deal, which took place on 05/17/2021, involved a loan from Savoy Bank for an amount of $1,410,000. The loan term is set at 18 months with interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Lender: Savoy Bank
- Brokers: Frank Stanislaski & John Libretti from rogress.Capital
In this transaction, the property was represented by brokers Frank Stanislaski and John Libretti from rogress.Capital. They played a crucial role in facilitating the deal between the parties involved.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Frank Stanislaski to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93