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
- Property Type: Single-Family Home
- Transaction Amount: $2,461,222
- Market: Brooklyn
- Loan Type: Bridge
- Lender: Brick City Capital
- Brokers: Veronique Hut & Matt Neptune - Brick City Capital
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
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