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
About this deal
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.
The commercial loan at 195 Montague Street, Brooklyn, NY, USA in New York, New York financed for $55.8M in 2021. The building is 109,408 square feet, implying about 509 per square foot on the published price. This page is the New York, New York file for the 195 Montague Street, Brooklyn, NY, USA commercial financed: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else financed near 195 Montague Street, Brooklyn, NY, USA around 2021. Published consideration for 195 Montague Street, Brooklyn, NY, USA is $55.8M, dated 2021. Cite this Fortress Investment Group Provides $55.75M Refinance Loan For Brooklyn Heights Condo At 195 Montague Street loan when underwriting similar commercial product around New York, New York.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
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