Updated Mar 11, 2025
Winston Capital Management Provides $4.3M Refinance Loan For 98 Degraw St. In Brooklyn
98 Degraw Street, Brooklyn, New York 11231, United States
$4,300,000
$1,343/SF
Building Size
3,200 SF
Asset Type
Single Family Residence
Closing
Apr 3, 2022
About this deal
AI
Located at 98 Degraw St. in Brooklyn, this single-family home offers 3,200 square feet of living space. The property was recently involved in a refinance loan transaction.
Summary of transaction details
- Property Type: Single Family Residential
- Transaction Amount: $4,300,000
- Date: 04/04/2022
- Market: Brooklyn
- Asset Type: SFR
- SF: 3,200
The lender for this transaction was Winston Capital Management, a company that specializes in providing business purpose loans to real estate investors. The loan, which amounted to $4,300,000, had a term of 2 years and was used to refinance the property. The landlord in this transaction was 98 Degraw Kjr, represented by Kerby Jean-Raymond.
Winston Capital Management expressed their love for New York and encouraged anyone with a deal in the area that needs funding to reach out to them. Brokers are protected in these transactions. For more information, you can contact DM @DavidBurstyn.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93