Hope Street Capital Secures $55M Construction Loan For Multifamily Property In Crown Heights
FINANCED
$55,000,000
New York
See Similar DealsMultiFamily
Financed 01/31/2022
FINANCED
Hope Street Capital Secures $55M Construction Loan For Multifamily Property In Crown Heights
959 Sterling Place, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily
Financed 01/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 959 Sterling Place in Crown Heights has been involved in a closed transaction. The property consists of 158 units and is situated in the Crown Heights market. The transaction took place on 01/31/2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 959 Sterling Place
- Market: Crown Heights
- Units: 158
Martin Nussbaum & David Schwartz shared an image related to the closed transaction on their Instagram account. The lender involved in this deal was SCALE Lending, while the landlord was Hope Street Capital. Walker & Dunlop served as the broker for the transaction.
No additional information is available regarding the transaction details.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$55,000,000.00
Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions