Brooklyn Bridge Park Pier 6 Residential Project Financed By Bank Of America
Brooklyn Bridge Park - Pier 6 - Beach Volleyball Courts, Brooklyn Bridge Park Greenway, Brooklyn, NY 11201, USA
Building Size
739,420 SF
Asset Type
Condo
Closing
Apr 19, 2018
About this deal
AI
Brooklyn Bridge Park, Pier 6 is the address for the recent closed property transaction. The asset involved in this transaction is residential condos/rentals. The developers involved in this project are RAL Companies, represented by Robert Levine; Vanke U.S., represented by Randy Bekerman and TreyClark; and Oliver's Realty Group, represented by David J. Wine.
Summary of transaction details
- Property Type: Residential Condos/Rentals
- Transaction Amount: Construction Financing and JV Equity
- Developers: RAL Companies - Robert Levine, Vanke U.S. - Randy Bekerman & TreyClark, and Oliver's Realty Group - David J. Wine
The lenders of this transaction were Bank of the [...].
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93