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98 Degraw Street, Brooklyn,...

Winston Capital Management Provides $4.3M Refinance Loan For 98 Degraw St. In Brooklyn
FINANCEDSingle Family Residence

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

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

David Burstyn

Winston Capital Management

Broker

$694.4M

vol

37 deals

Broker
Winston Capital Management
Winston Capital ManagementLender

Kerby Jean-Raymond

Landlord

$15.8M

vol

3 deals

Landlord

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