Invesco Provides $18.9M Loan For Multifamily Properties In Brooklyn, NY - Carlyle Group Owner
705 Lafayette Avenue, 82 Clinton Avenue & 414 Henry Street
$18,955,406
$189/SF
Building Size
100,029 SF
Asset Type
MultiFamily
Closing
Feb 1, 2023
AI
The property involved in this transaction is a multifamily asset located at 705 Lafayette Avenue, 82 Clinton Avenue, and 414 Henry Street in Brooklyn. The total square footage of the property is 100,029. The landlord for this property is Carlyle Group, represented by Jason Hart. The loan for this transaction was provided by Invesco, with a loan amount of $18,955,406.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,955,406
- Address: 705 Lafayette Avenue, 82 Clinton Avenue & 414 Henry Street
- Market: Brooklyn
- Square Footage: 100,029
- Lender: Invesco
- Landlord: Carlyle Group - Jason Hart
The Carlyle Group, represented by Jason Hart, is the landlord for this multifamily property located at 705 Lafayette Avenue, 82 Clinton Avenue, and 414 Henry Street in Brooklyn. The loan for this transaction was provided by Invesco, amounting to $18,955,406.
Players
Lafayette MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93