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Danny Zelouf Secures $23.5M Loan From Israel Discount Bank For Mixed-Use Property On Broadway In Williamsburg
FINANCED
$23,500,000
Maine
See Similar DealsMixed-use36,254 SF
Financed 03/27/2023
FINANCED
Danny Zelouf Secures $23.5M Loan From Israel Discount Bank For Mixed-Use Property On Broadway In Williamsburg
240 Broadway
See Similar DealsMixed-use36,254 SF
Financed 03/27/2023
Summary
MAINE
Asset Type:Mixed-use
Price Per Square Foot:$648
Total Square Footage:36,254 SF
Transaction Type:Loan
The property at 240 Broadway in Williamsburg, Brooklyn, has recently been involved in a closed transaction. The mixed-use asset spans a total of 36,254 square feet. It was purchased by Danny Zelouf in 2019 for $20.1 million.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $23,500,000
- Address: 240 Broadway
- Market: Williamsburg, Brooklyn
- SF: 36,254
- Lender: Israel Discount Bank - Elena Dokianos & Marc Cooper
- Landlord: Danny Zelouf
In this transaction, Danny Zelouf secured a $23.5 million loan from Israel Discount Bank to support the property at 240 Broadway. Elena Dokianos and Marc Cooper from Israel Discount Bank served as the lenders. Danny Zelouf, who is also the landlord, acquired the property for $20.1 million in 2019.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,500,000.00
Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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