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334 Carroll Street

Brick City Capital Provides $2.4M Bridge Loan For Brooklyn SFR At 334 Carroll St
FINANCEDSingle Family Residence

Brick City Capital Provides $2.4M Bridge Loan For Brooklyn SFR At 334 Carroll St

334 Carroll Street

$2,461,222

$715/SF

Building Size

3,440 SF

Asset Type

Single Family Residence

Closing

Sep 15, 2022

AI

The property involved in the transaction is a single-family home located at 334 Carroll St. in Brooklyn. The property has a total area of 3,440 square feet. The transaction was facilitated by Brick City Capital, who provided a bridge loan for a total amount of $2,461,222. The loan terms are set for a period of 24 months.

Summary of transaction details

The loan was secured by the property at 334 Carroll St. and facilitated by Brick City Capital. Veronique Hut and Matt Neptune, representing Brick City Capital, were the brokers involved in the transaction. The loan will be in effect for a period of 24 months, providing the necessary financing for the property.

Players

Veronique Hut

Broker

$14.9M

vol

6 deals

Broker
Brick City Capital
Brick City CapitalLender

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.45%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93