Updated Feb 16, 2024
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.
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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