Ladder Capital Provides $20.3M Loan For Long Island City Retail Condo
22-43 Jackson Street, Brooklyn, NY, USA
$20,300,000
$3,171/SF
Building Size
6,400 SF
Asset Type
—
Closing
Jul 1, 2020
About this deal
AI
The property involved in this closed transaction is a retail condo located at 22-43 Jackson Avenue in Long Island City. The transaction took place on 07/01/2021. The asset type is a retail condo.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $20,300,000
- Address: 22-43 Jackson Avenue
- Market: Long Island City
The lender for this transaction was Ladder Capital. The landlord is Circle F. Capital. The brokers involved in the deal were Dustin Stolly, Jordy Roeschlaub, and Daniel Fromm from Newmark.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93