Updated Oct 13, 2026
James Green Secures $650,000 Bridge Loan From Rcubed Real Estate For Multifamily Property In Brooklyn
Grand Avenue
$650,000
$212/SF
Building Size
3,060 SF
Asset Type
MultiFamily
Closing
Aug 26, 2026
About this deal
AI
The property asset involved is a multifamily unit located at 372 Grand Ave., Brooklyn, with a total square footage of 3,060. The transaction is a bridge loan amounting to $650,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $650,000
- Lender: Rcubed Real Estate - Lawrence Rosenblum
- Borrower: James Green
- Loan Type: Bridge
- Market: Brooklyn
- Deal Closed: Under 48 Hours
The key individuals involved in this transaction include Lawrence Rosenblum, representing Rcubed Real Estate, who facilitated the deal expeditiously without third parties or an appraisal. James Green is the borrower who secured funding under conditions that prioritized speed and execution.
On the Map
$650,000
$212/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93