Updated Oct 28, 2024
Bank Hapoalim Provides $20M Loan To Hampshire Properties For East Flatbush Development Site
2339 Nostrand Avenue, Brooklyn, NY, USA
$20,000,000
$391/SF
Building Size
51,111 SF
Asset Type
Development Site
Closing
Aug 10, 2021
About this deal
AI
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Bank Lender: Bank Hapoalim
- Landlord: Hampshire Properties
- BSF: 51,111
- Units: 59
- Address: 2339 Nostrand Avenue, East Flatbush
The development site loan at 2339 Nostrand Avenue, Brooklyn, NY, USA in New York, New York financed for $20M in 2021. Reported inventory is 51,111 square feet across 59 units, or about 391 per square foot. This page is the New York, New York file for the 2339 Nostrand Avenue, Brooklyn, NY, USA development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 2339 Nostrand Avenue, Brooklyn, NY, USA around 2021. Published consideration for 2339 Nostrand Avenue, Brooklyn, NY, USA is $20M, dated 2021. Cite this Bank Hapoalim Provides $20M Loan To Hampshire Properties For East Flatbush Development Site loan when underwriting similar development site product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93