Updated Feb 21, 2025
Peak Capital Secures $10.5M Refinance Loan For Multifamily Property On 96 Sterling Place
96 Sterling Place, Park Slope, Brooklyn, NY 11217, USA
$10,500,000
$582/SF
Building Size
18,020 SF
Asset Type
MultiFamily
Closing
Aug 20, 2020
About this deal
AI
Peak Capital, represented by Alex Rabin & David Gomez, has successfully closed the refinancing deal for a multifamily property located at 96 Sterling Place in Park Slope. The property is situated in a highly sought-after market and offers great potential for future growth.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Address: 96 Sterling Place
- Market: Park Slope
Jared Sobel from Walker Dunlop played a crucial role as the broker in this refinancing deal. His expertise and dedication were instrumental in ensuring the smooth completion of the transaction.
Peak Capital expresses their gratitude to Jared Sobel for his hard work and contribution. For any new acquisition opportunities, please reach out to Alex Rabin at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit David Gomez 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93