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1401 Newkirk Avenue, Brookl...

Updated Oct 28, 2024

Bilt advertisement
Meridian Capital Group Arranges $12.6M Refinance Loan For Retail Property In Brooklyn
FINANCEDCommercial

Meridian Capital Group Arranges $12.6M Refinance Loan For Retail Property In Brooklyn

1401 Newkirk Avenue, Brooklyn, New York 11226, United States

$12,600,000

$547/SF

Building Size

23,025 SF

Asset Type

Commercial

Closing

Mar 14, 2022

About this deal

AI

A retail property located at 1401-1419 Newkirk Avenue in Brooklyn has recently undergone a refinancing transaction. The deal was closed on 03/15/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,600,000
  • Address: 1401-1419 Newkirk Avenue
  • Market: Brooklyn

The loan for the refinancing was provided by Signature Bank, with Paul Kotronis representing the lender. The brokers involved in the deal were Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group.

The commercial loan at 1401 Newkirk Avenue, Brooklyn, New York 11226, United States in New York, New York financed for $12.6M in 2022. Reported inventory is 23,025 square feet across 1 units, or about 547 per square foot. Elliot Levy, Yossi Koschitzki, Isaac Filler, Paul Kotronis appear on the loan alongside Meridian Capital Group, Filler Capital. This page is the New York, New York file for the 1401 Newkirk Avenue, Brooklyn, New York 11226, United States commercial financed: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else financed near 1401 Newkirk Avenue, Brooklyn, New York 11226, United States around 2022. Published consideration for 1401 Newkirk Avenue, Brooklyn, New York 11226, United States is $12.6M, dated 2022. Cite this Meridian Capital Group Arranges $12.6M Refinance Loan For Retail Property In Brooklyn loan when underwriting similar commercial product around New York, New York.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

80 deals

Broker
Paul Kotronis

Paul Kotronis

Signature Bank

Lender

$60.1M

vol

6 deals

Lender
Signature Bank
Signature BankLender

New York Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

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Deal FAQ

About $547 per square foot on a published $12.6M for 23,025 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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