Ben Azizi Of BHI Provides $24 Million Construction Loan For 2102 Union Street In Brooklyn
FINANCED
$24,000,000
New York
See Similar DealsMultiFamily60,205 SF
Financed 05/13/2026
FINANCED
Ben Azizi Of BHI Provides $24 Million Construction Loan For 2102 Union Street In Brooklyn
2102 Union Street
See Similar DealsMultiFamily60,205 SF
Financed 05/13/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$398
Total Square Footage:60,205 SF
Transaction Type:Loan
The property asset is a MultiFamily building located at 2102 Union Street in the Brooklyn market. This asset has a total square footage of 60,205 and consists of 96 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $24,000,000
- Loan Type: Construction
- Lender: Ben Azizi - BHI
- Landlord: Hershy Silberstein - Blue Sky Developers
- Broker: Skyline Capital
The transaction involves key individuals such as Ben Azizi, who serves as the lender representing BHI, and Hershy Silberstein, who is the landlord representing Blue Sky Developers. The brokerage firm involved in this deal is Skyline Capital.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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