Updated Dec 19, 2023
Anastasios And Christopher Vasilakos Refinance Bath Beach Multifamily Building For $7M
8714 21st Avenue Brooklyn, New York 11214, USA
$7,000,000
$120/SF
Building Size
57,876 SF
Asset Type
MultiFamily
Closing
May 4, 2023
About this deal
AI
Anastasios Vasilakos and Christopher Vasilakos secured a refinancing loan valued at $7 million from Flushing Bank for a residential elevator building comprising 66 units located at 8714 21st Avenue in Bath Beach, Brooklyn. The transaction, recorded on June 5, 2023, involved a property with 57,876 square feet of built space.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 8714 21st Avenue
- Market: Bath Beach, Brooklyn
- Size: 57,876 square feet
- Units: 66
Flushing Bank, represented by Jothy Narendran, provided the loan for the refinancing. The landlords of the property are Anastasios Vasilakos and Christopher Vasilakos.
On the Map
$7,000,000
$120/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Anastasios Vasilakos to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93