Slate Property Group Secures $60M Loan For Brooklyn Residential Building
325 Lafayette Avenue, Brooklyn, NY 11238
$60,000,000
$3,333/SF
Building Size
18,000 SF
Asset Type
Co-Op
Closing
Aug 12, 2018
AI
A residential building located at 325 Lafayette Avenue in Brooklyn, New York, has been involved in a closed property transaction. The deal was closed on August 13, 2018.
Summary of transaction details
- Property Type: Resi Building
- Transaction Amount: $60,000,000
- Address: 325 Lafayette Avenue
- Market: Brooklyn
- City: New York
The loan for this transaction was provided by @bankozk. The landlord and developer involved in the deal is @slatepropertygroup. The brokers who facilitated the transaction are Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm of NKF Capital Markets.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93