Prudential Affordable Mortgage Company Provides $16.8M Loan For Co-Op In Brooklyn Heights
75 Henry Street, Brooklyn Heights, Brooklyn, NY, USA
$16,800,000
$40/SF
Building Size
417,734 SF
Asset Type
—
Closing
Dec 27, 2018
AI
The co-op property located at 75 Henry Street in Brooklyn Heights has recently been involved in a closed transaction. The property, spanning approximately 417,734 square feet, was the subject of a loan deal. Prudential Affordable Mortgage Company provided a loan amount of $16,800,000 for this transaction.
Summary of transation details
- Property Type: Co-Op
- Transaction Amount: $16,800,000
- Address: 75 Henry Street, Brooklyn Heights
- Market: Brooklyn Heights
- Lender: Prudential Affordable Mortgage Company
- Landlord: Whitman Owner Corporation
- Landlord's Representative: Alan Rosen (Chairman of the Board)
- Broker: Irina Furmanskaya - Marcus & Millichap
Further details about the individuals involved in the deal reveal that Alan Rosen, the Chairman of the Board for Whitman Owner Corporation, represented the property's landlord. The broker representing the transaction was Irina Furmanskaya from Marcus & Millichap.
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93