Updated Oct 28, 2024
Arbor Realty Sr Inc. Provides $36M Loan For 834 Pacific Street Multifamily Property In Prospect Heights
834 Pacific Street, Prospect Heights, Brooklyn, NY, USA
$36,000,000
$457/SF
Building Size
78,762 SF
Asset Type
MultiFamily
Closing
Mar 14, 2021
About this deal
AI
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.
On the Map
$36,000,000
$457/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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93