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16 Howard Avenue

FINANCEDMultiFamily

Paul Skema Of Trifecta Equities Secures $7.9 Million Refinance From Bank Of Montreal In Brooklyn

16 Howard Avenue

$7,900,000

Units

8

Asset Type

MultiFamily

Closing

Jul 24, 2026

AI

The asset involved in this transaction is a multi-family residential building located at 16 Howard Avenue in Bedford-Stuyvesant, Brooklyn. The building consists of eight units and is classified as an elevator building. The refinancing loan amount secured for this property is $7,900,000.

Summary of transaction details:

Key individuals in this transaction include Paul Skema, representing Trifecta Equities, which is the entity that secured the refinancing loan. The deal involves securing funds from the Bank of Montreal to support the financial needs related to the property.

Players

Bank of Montreal (BOM)
Bank of Montreal (BOM)Lender

Paul Skema

Trifecta Equities

Landlord

$7.9M

vol

1 deal

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93