Updated Oct 28, 2024
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
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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