Brookfield Acquires Development Site In Bronx For $96.2M
FINANCED
$96,200,000
New York
See Similar DealsDevelopment Site485,139 SF
Financed 09/11/2018
FINANCED
Brookfield Acquires Development Site In Bronx For $96.2M
2401 Third Ave., The Bronx, NY 10451, USA
See Similar DealsDevelopment Site485,139 SF
Financed 09/11/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$198
Total Square Footage:485,139 SF
Transaction Type:Loan
The development located at 2401 Third Avenue and 101 Lincoln Ave in Bronx, New York, has been involved in a closed property transaction. The property, with an address in the Bronx, was acquired by Brookfield, the landlord and developer, for a loan amount of $96,200,000 from HSBC.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $96,200,000
- Lender: HSBC
- Landlord/Developer: Brookfield
The key individuals responsible for this transaction include Ric Clark, Brian Kingston, and Ben Brown. They played pivotal roles in the deal as representatives from their respective agencies.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$96,200,000.00
Monthly NOI$641,333.33
Monthly Debt Service$608,049.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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