Amalgamated Bank Refinances Mixed-Use Property In Greenpoint For $13.8M
972 Manhattan Ave, Brooklyn, NY 11222, USA
$13,850,000
Building Size
—
Asset Type
—
Closing
Nov 28, 2022
About this deal
AI
The mixed-use property located at 972 Manhattan Avenue in Greenpoint has been involved in a recent transaction. The property spans a total area of 22,000 square feet. The transaction, which took place on 11/28/2022, involved a refinancing loan.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $13,850,000
- Market: Greenpoint
- Address: 972 Manhattan Avenue
- Lender: Amalgamated Bank
- Landlord: Peak Capital - Alex Rabin & David Gomez
Amalgamated Bank provided a loan amount of $13,850,000 for the refinancing of the property. The landlord for this transaction was Peak Capital, represented by Alex Rabin & David Gomez.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93