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331 Fenimore Street

KSR Capital Acquires $4.5 Million Note From Popular Bank Secured By Residential Property In Brooklyn
SOLDNote / Loan

KSR Capital Acquires $4.5 Million Note From Popular Bank Secured By Residential Property In Brooklyn

331 Fenimore Street

$4,500,000

Building Size

Asset Type

Note / Loan

Closing

Jul 30, 2026

AI

KSR Capital acquired a $4.5 million note secured by an eight-unit residential walkup located at 331 Fenimore Street in the Prospect Lefferts Gardens market of Brooklyn. This transaction involves a financial asset rather than a direct property sale.

Summary of transaction details:

  • Property Type: Note / Loan
  • Transaction Amount: $4,500,000
  • Buyer: KSR Capital
  • Seller: Popular Bank
  • Address: 331 Fenimore Street
  • Market: Prospect Lefferts Gardens

Daniel Amar’s eight-unit residential walkup serves as the collateral for the acquired note, highlighting the specifics of the secured asset that KSR Capital is now associated with in this transaction.

Players

KSR Capital
KSR CapitalBuyer
Popular Bank
Popular BankSeller

Fennimore Note / Loan Market Snapshot

Boundary boundary · Note / Loan · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93