Updated Mar 11, 2025
JLJ Capital Provides $2.5M Acquisition Loan For Multifamily Property On Halsey Street, Brooklyn
827 Halsey Street, Brooklyn, NY 11233
$2,500,000
$499/SF
Building Size
5,010 SF
Asset Type
MultiFamily
Closing
Jan 10, 2022
About this deal
AI
The multifamily property located at 827 Halsey Street in Brooklyn has recently undergone an acquisition. This property comprises a total of 6 units with a combined square footage of 5,010. The transaction took place on January 10, 2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 827 Halsey Street, Brooklyn
- Market: Brooklyn
- Loan Type: Acquisition
The loan for this acquisition was provided by JLJ Capital. The brokers involved in this deal were Frank Stanislaski and Jack Subers, representing Progress Capital. They played a crucial role in facilitating the transaction.
Players
New York 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93