Emerald Creek Capital Provides $6M Loan For Property At 207 5th Ave, Brooklyn
FINANCED
$6,000,000
New York
See Similar DealsFINANCED
Emerald Creek Capital Provides $6M Loan For Property At 207 5th Ave, Brooklyn
207 5th Ave, Brooklyn, NY, 11215
See Similar DealsSummary
NEW YORK
Transaction Type:Loan
Located at 207 5th Ave, Brooklyn, NY, 11215, the property is a 5,559 square foot retail building on a 4,509 square foot corner lot in the Park Slope neighborhood. The acquisition loan provided by Emerald Creek Capital amounted to $6,000,000.00. The borrower intends to expand the structure to utilize the approximately 8,000 square feet of air rights.
Summary of transation details:
- Property Type: Retail Building
- Transaction Amount: $6,000,000.00
- Market: Brooklyn
- Lender: Emerald Creek Capital
The loan at 207 5th Ave, Brooklyn, NY, was facilitated by the Senior Vice President of Emerald Creek Capital. The property is situated in a sought-after retail and residential neighborhood near Prospect Park, with convenient access to the R and W subway lines. For further inquiries regarding this transaction, reach out to Mike Cleaver, Managing Director, at (212) 239-6845.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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