Updated Oct 28, 2024
WeLendLLC Refinances Multifamily Property In Prospect Heights, Brooklyn For $1.5M
668 Prospect Place, Brooklyn, NY, USA
$1,500,000
$625/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Jul 30, 2021
About this deal
AI
A multifamily property located at 668 Prospect Place in Prospect Heights, Brooklyn, was recently involved in a loan transaction. The loan was provided by We Lend LLC for a refinance of $1,500,000. The property is part of the rental market in Prospect Heights.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
We Lend LLC, a lending company, facilitated the loan for the refinance. The loan has a 30-year term and an interest rate of 4.75%. For more information on refinancing rental properties, visit We Lend LLC's website at welendllc.com or contact them at (212) 777-7780.
On the Map
$1,500,000
$625/SF
MultiFamily
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Brooklyn 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93