Elichai Pariente Of EMP Capital Group Secures $39.8M Refinance Loan For Condos In Brooklyn
979 Pacific Street
$39,800,000
Building Size
—
Asset Type
Condo
Closing
Apr 30, 2025
About this deal
AI
979 Pacific Street is a commercial condo located in the Crown Heights neighborhood of Brooklyn. The asset encompasses three condo units and has been refinanced for a total loan amount of $39.8 million.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $39,800,000
- Lender: JLL
- Landlord: Elichai Pariente - EMP Capital Group
- Loan Type: Refinance
EMP Grand Pacific LLC, an affiliate of EMP Capital Group, is involved in securing the refinancing through JLL Real Estate Capital, highlighting the active role of Elichai Pariente in this transaction.
On the Map
$39,800,000
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93