JLJ Capital Provides $2.5M Acquisition Loan For Multifamily Property On Halsey Street, Brooklyn
FINANCED
$2,500,000
New York
See Similar DealsMultiFamily5,010 SF
Financed 01/10/2022
FINANCED
JLJ Capital Provides $2.5M Acquisition Loan For Multifamily Property On Halsey Street, Brooklyn
827 Halsey Street, Brooklyn, NY 11233
See Similar DealsMultiFamily5,010 SF
Financed 01/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$499
Total Square Footage:5,010 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,500,000.00
Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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