Bank Leumi Provides $45M Loan For Development Site In Park Slope
35 4th Avenue, Park Slope, Brooklyn, NY, USA
$45,008,909
$1,803/SF
Building Size
24,960 SF
Asset Type
Development Site
Closing
Jul 7, 2021
AI
A development site located at 35 4th Avenue in Park Slope has recently undergone a closed transaction. The transaction involved a loan from Bank Leumi, with a total amount of $45,008,909. The landlord of the property is Joseph Brunner.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $45,008,909
- Lender: Bank Leumi
- Landlord: Joseph Brunner
The development site at 35 4th Avenue in Park Slope was the subject of a loan from Bank Leumi, with a loan amount of $45,008,909. The transaction involved Joseph Brunner as the landlord.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93