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666 Bushwick Avenue, Brookl...

Updated Feb 16, 2024

Dovie Sperlin Refinances Multifamily Property In Bushwick For $27.1M With New York Community Bank
FINANCEDMultiFamily

Dovie Sperlin Refinances Multifamily Property In Bushwick For $27.1M With New York Community Bank

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

$27,125,000

$470/SF

Building Size

57,652 SF

Asset Type

MultiFamily

Closing

Sep 18, 2022

About this deal

AI

The multifamily property located at 666-668 Bushwick Avenue in the Bushwick market has undergone a refinancing transaction. The property spans approximately 57,652 square feet and consists of 50 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $27,125,000
  • Address: 666-668 Bushwick Avenue
  • Market: Bushwick
  • Loan Type: Refinance

The lender for this transaction was New York Community Bank. Dovie Sperlin acted as the landlord in this deal.

The multifamily loan at 666 Bushwick Avenue, Brooklyn, New York 11221, United States in New York, New York financed for $27.1M in 2022. Reported inventory is 57,652 square feet across 50 units, or about 470 per square foot. This page is the New York, New York file for the 666 Bushwick Avenue, Brooklyn, New York 11221, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 666 Bushwick Avenue, Brooklyn, New York 11221, United States around 2022. Published consideration for 666 Bushwick Avenue, Brooklyn, New York 11221, United States is $27.1M, dated 2022. Cite this Dovie Sperlin Refinances Multifamily Property In Bushwick For $27.1M With New York Community Bank loan when underwriting similar multifamily product around New York, New York.

Players

New York Community Bank
New York Community BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $470 per square foot on a published $27.1M for 57,652 square feet (2022).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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