Ludovik Benedek Secures $7.9M Refinance From Bank Of Montreal For 822 Flatbush Avenue
822 Flatbush Avenue
$7,900,000
$336/SF
Building Size
23,502 SF
Asset Type
Condo
Closing
Jan 26, 2026
AI
A retail condo located at 822 Flatbush Avenue in Flatbush, Brooklyn, with a total square footage of 23,502 has been involved in a loan transaction. The refinancing loan amount secured for this property is $7,900,000, which was finalized on January 26, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,900,000
- Market: Flatbush, Brooklyn
- Lender: Bank of Montreal
- Landlord: Ludovik Benedek
- Loan Type: Refinance
Ludovik Benedek, through Flatbush Equity Partners LLC, is the individual who secured the refinancing. This loan serves to cover two properties, including the retail condo at the specified address.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93