PROGRESS CAPITAL | Brooklyn, NY – $2,961,000
18927
portfolio_page-template-default,single,single-portfolio_page,postid-18927,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.7,wpb-js-composer js-comp-ver-5.4.7,vc_responsive

Brooklyn, NY – $2,961,000

Category
Multi-Family
About This Project

$2.9 Million Secured for Brooklyn, NY Multifamily Property

 

Brooklyn, NY – Brad Domenico negotiated $2,961,000 for a valued client to acquire a multifamily property located at 913 St. Marks Ave in the Crown Heights section of Brooklyn, NY.

 

The 4-story property contains 4 residential apartment units and sits on a 2,164 SF lot. The building was built in 1931 and consists of 5,840 SF of living space that will undergo a complete renovation.

 

This conveniently located low-rise is a few blocks from public transportation, including Nostrand Avenue, Kingston Avenue and Utica Avenue subway stations.  Brower Park, Brooklyn Children’s Museum and various shopping is also in close proximity.

 

Brad worked with Valley National Bank to provide the following key terms:

  • 75% LTV
  • 30 Year Amortization
  • No Bank Fees

 

Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.

We get you to the closing table…Plain and Simple. #thatsprogress