BridgeCity Provides $2.6M Loan For Brooklyn Development Site
FINANCED
$2,600,000
+ 1
New York
See Similar DealsDevelopment Site19,521 SF
Financed
FINANCED
BridgeCity Provides $2.6M Loan For Brooklyn Development Site
494 E 23rd St, Brooklyn, NY 11226, USA
See Similar DealsDevelopment Site19,521 SF
Financed
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$133
Total Square Footage:19521 SF
Transaction Type:Loan
A development site located at 494 East 23rd Street in Brooklyn has been transacted. The property spans approximately 20,000 square feet and was sold for a loan amount of $2,600,000. The lender involved in the transaction is BridgeCity and the landlord is Joseph Banda.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Square Footage: 20,000
- Address: 494 East 23rd Street
- Market: Brooklyn
- Lender: BridgeCity
- Landlord: Joseph Banda
The deal was facilitated by Louis Lebovits of Moishe Loketch agency. Its representative in the transaction is Louis Lebovits from Moishe Loketch agency.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,600,000.00
Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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