Updated Dec 21, 2023
Equitas Capital Group Provides $3.25M Loan For Multifamily Property On Clarkson Avenue, Prospect Lefferts Gardens
61 Clarkson Avenue, Brooklyn, NY 11226
$3,250,000
$429/SF
Building Size
7,568 SF
Asset Type
MultiFamily
Closing
May 25, 2020
About this deal
AI
A multifamily property located at 61 Clarkson Avenue in Prospect Lefferts Gardens has been involved in a recent loan transaction. The loan amount for this transaction was $3,250,000. The terms of the loan include a 4.50% interest rate, a term of 18 months with the possibility of 6 months extensions, and an interest-only amortization. The loan-to-cost ratio (LTC) for this transaction was 70% and there are no prepayment penalties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 61 Clarkson Avenue
- Market: Prospect Lefferts Gardens
The broker involved in this transaction is Alex Leykind from Equitas Capital Group. Equitas Capital Group specializes in new construction and bridge loan financing. They have been actively involved in financing new developments. If you are looking for financing for your next project, you can reach out to Equitas Capital Group at 646-637-7510.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93