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Arbor Realty Sr Inc. Provides $36M Loan For 834 Pacific Street Multifamily Property In Prospect Heights

Property Image
FINANCED
$36,000,000

New York

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MultiFamily78,762 SF
Financed 03/15/2021
the dealdetailscomps
Property Image
FINANCED

Arbor Realty Sr Inc. Provides $36M Loan For 834 Pacific Street Multifamily Property In Prospect Heights

834 Pacific Street, Prospect Heights, Brooklyn, NY, USA

See Similar Deals
MultiFamily78,762 SF
Financed 03/15/2021
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$457
Total Square Footage:78,762 SF
Transaction Type:Loan

The multifamily property located at 834 Pacific Street in Prospect Heights has been involved in a recent loan transaction. The lender, Arbor Realty Sr Inc., provided a loan amount of $36,000,000 for this property. With a total square footage of 78,762, the property consists of 113 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $36,000,000
  • SF: 78,762
  • Units: 113

Galil Management, the landlord, was involved in this loan transaction. The representatives from Arbor Realty Sr Inc. facilitated the deal as the lender's representatives.

Details

FINANCED
IMAGE: Ivan Kaufman DATE: 03/15/2021 ADDRESS: 834 Pacific Street MARKET: Prospect Heights ASSET TYPE: Multifamily LENDER: Arbor Realty Sr Inc. LANDLORD: Galil Management LOAN AMOUNT: $36,000,000 SF: 78,762 UNITS: 113

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,000,000.00

Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00