Updated May 19, 2026
Dovid Katz Secures $6 Million Loan From Ameritas Mutual Holding Company For 11-unit Building In Crown Heights
807 Washington Avenue
$6,000,000
$577/SF
Building Size
10,390 SF
Asset Type
MultiFamily
Closing
May 8, 2026
About this deal
AI
A multi-family property located at 807 Washington Avenue in the Crown Heights market of Brooklyn comprises 11 rental units and a total square footage of 10,390. The asset was associated with a loan amount of $6 million from Ameritas Mutual Holding Company.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,000,000
- Address: 807 Washington Avenue
- Market: Crown Heights, Brooklyn
- Units: 11
- Square Footage: 10,390
- Lender: Ameritas Mutual Holding Company
- Landlord: Dovid Katz
Dovid Katz, through 807 Washington LLC, was the recipient of the loan for this transaction, as documented in records filed on May 13, 2026. This transaction reflects Katz's engagement with Ameritas Life Insurance Corp. as the lender for the property deal.
On the Map
$6,000,000
$577/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93