Updated Dec 21, 2023
Equitas Capital Group Secures $5.98M Acquisition Loan For Brooklyn Multifamily Property
571 East 19th Street, Brooklyn, NY 11226
$5,982,000
$271/SF
Building Size
22,000 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
Equitas Capital Group, represented by broker Alex Leykind, has closed on the acquisition loan for a multifamily property located at 571 East 19th Street in Brooklyn. The property spans approximately 22,000 square feet and consists of 21 units.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,982,000
- Loan Type: Acquisition Loan
- Loan Amount: $5,982,000
- Loan Terms: 2.65% rate, 35 years fixed, Stepdown prepay
- Market: Brooklyn
- Broker: Alex Leykind - Equitas Capital Group
Equitas Capital Group specializes in securing commercial financing for clients and strives to provide the best deals with the lowest rates and highest benefits. With a dedicated team of experts and market-leading technology, Equitas ensures a quick and satisfactory transaction for all commercial financing needs.
To learn more about Equitas Capital Group and how they can assist with commercial financing, interested parties can contact them at (646)-637-7510.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Alex Leykind 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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93