Starwood Mortgage Capital Provides $32.5M Refinance Loan For Crown Heights Multifamily Property With Landlord Anshel Fridman
8 Ford Street, Crown Heights, Brooklyn, NY, USA
$32,500,000
$372/SF
Building Size
87,205 SF
Asset Type
MultiFamily
Closing
Aug 26, 2021
AI
The multifamily property located at 8 & 24 Ford Street in Crown Heights has undergone a refinancing transaction. The property spans over 87,205 square feet and consists of 106 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Address: 8 & 24 Ford Street
- Market: Crown Heights
- Square footage: 87,205
- Number of units: 106
The loan for this transaction was provided by Starwood Mortgage Capital. Anshel Fridman serves as the landlord for this property. The refinancing loan amount was $32,500,000.
Players
Brooklyn 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93