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Anastasios And Christopher Vasilakos Refinance Bath Beach Multifamily Building For $7M
FINANCED
$7,000,000
New York
See Similar DealsMultiFamily57,876 SF
Financed
FINANCED
Anastasios And Christopher Vasilakos Refinance Bath Beach Multifamily Building For $7M
8714 21st Avenue Brooklyn, New York 11214, USA
See Similar DealsMultiFamily57,876 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:57876 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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