Bank Leumi Provides $47.5M Loan For Condo Development On Sea Breeze Avenue In Coney Island
FINANCED
$47,500,000
+ 3
New York
See Similar DealsCondo180,000 SF
Financed
FINANCED
Bank Leumi Provides $47.5M Loan For Condo Development On Sea Breeze Avenue In Coney Island
271 Sea Breeze Avenue
See Similar DealsCondo180,000 SF
Financed
+ 3
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$263
Total Square Footage:180000 SF
Transaction Type:Loan
The condominium located at 271 Sea Breeze Avenue in Coney Island has been involved in a recent closed transaction. The property, with a total area of 180,000 square feet, was part of the deal.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $47,500,000
In this transaction, Bank Leumi provided a loan in the amount of $47,500,000. Sergey Rybak, representing Rybak Development, acted as the landlord in the deal. The Carlton Group's Ruth Barone served as the broker.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,500,000.00
Monthly NOI$316,666.67
Monthly Debt Service$300,232.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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