FINANCED
Fortress Investment Group Provides $55.75M Refinance Loan For Brooklyn Heights Condo At 195 Montague Street
195 Montague Street, Brooklyn, NY, USA
$55,750,000
$509/SF
Building Size
109,408 SF
Asset Type
—
Closing
Oct 4, 2021
AI
The property involved in the transaction is a condo located at 195 Montague Street in Brooklyn Heights. The condo has a total area of 109,408 square feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $55,750,000
- Market: Brooklyn Heights
- Lender: Fortress Investment Group
- Landlord: Treeline Companies
- Loan Type: Refinance
The lender in this transaction is Fortress Investment Group, while the landlord is Treeline Companies.
Players
TC
Treeline CompaniesLandlord
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93