Bank Hapoalim Loans $36.2M For Development Site At 134 Vanderbilt Avenue, Fort Greene, Brooklyn
FINANCED
$36,240,000
New York
See Similar DealsDevelopment Site
Financed 12/21/2022
FINANCED
Bank Hapoalim Loans $36.2M For Development Site At 134 Vanderbilt Avenue, Fort Greene, Brooklyn
134 Vanderbilt Avenue
See Similar DealsDevelopment Site
Financed 12/21/2022
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
A development site located at 134 Vanderbilt Avenue in Fort Greene, Brooklyn has recently undergone a closed transaction. The property, situated in the Fort Greene market, has attracted attention due to its potential for development.
Summary of transaction details
- Property Type: Development Site
- Address: 134 Vanderbilt Avenue
- Market: Fort Greene, Brooklyn
- Lender: Bank Hapoalim
- Brokers: Adam Hakim, James Murad, & David Baker - Meridian Capital Group
- Loan Amount: $36,240,000
- Loan Type: Construction
The financing for the transaction was provided by Bank Hapoalim. Representing the parties involved in the deal were Adam Hakim, James Murad, and David Baker from Meridian Capital Group. Their expertise and negotiation skills played a crucial role in securing the loan for the development site.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,240,000.00
Monthly NOI$241,600.00
Monthly Debt Service$229,061.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions