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600 Bushwick Avenue, Brookl...

Amherst Capital Refinances Multifamily Property On Bushwick Avenue For $36M
FINANCEDMultiFamily

Amherst Capital Refinances Multifamily Property On Bushwick Avenue For $36M

600 Bushwick Avenue, Brooklyn, New York 11221, United States

$36,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 5, 2021

AI

A multifamily property located at 600 Bushwick Avenue in the Bushwick market has recently undergone a refinancing transaction. The property consists of 64 residential units.

Summary of transaction details:

The refinancing deal was facilitated by Amherst Capital and involved the coordination of various individuals and companies. Jacob Sacks, representing Cayuga Capital Management, acted as the landlord in the transaction. Aaron Appel, Michael Diaz, Michael Ianno, and Jackson Irwin, from the brokerage firm Walker & Dunlop, served as the brokers in the deal.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.1B

vol

197 deals

Broker
Amherst Capital Management
Amherst Capital ManagementLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93