Updated Mar 11, 2025
Asher Bittman Secures $3.6M Bridge Loan For 826 Crown Street Multifamily
826 Crown Street
$3,600,000
$68/SF
Building Size
52,764 SF
Asset Type
MultiFamily
Closing
Mar 11, 2024
About this deal
AI
The multifamily property located at 826 Crown Street in Weeksville, Brooklyn spans 52,764 square feet and comprises 47 units. The recent transaction involved a bridge loan amounting to $3,600,000 provided by Sheridan Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Market: Weeksville, Brooklyn
- Lender: Sheridan Capital
- Lender's Representative: Asher Bittman - Sheridan Capital
Asher Bittman from Sheridan Capital served as the lender's representative in the bridge loan deal for the multifamily property at 826 Crown Street.
On the Map
$3,600,000
$68/SF
MultiFamily
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Players
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93