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57 Caton Place

Aview Equities Secures $46M Construction Financing For Development Site In Windsor Terrace, Brooklyn
FINANCEDDevelopment Site

Aview Equities Secures $46M Construction Financing For Development Site In Windsor Terrace, Brooklyn

57 Caton Place

$46,000,000

$352/SF

Building Size

130,569 SF

Asset Type

Development Site

Closing

Jun 22, 2020

AI

The development site located at 57 Caton Place & 23 Ocean Parkway in Windsor Terrace, Brooklyn, has secured a construction financing loan amounting to $46,000,000. The loan is facilitated by G4 Capital Partners to fund the development project on the site.

Summary of transaction details:

This transaction involves key players in the real estate and finance sectors. Abraham Leifer represents Aview Equities in the capacity of landlord, while Solomon Franco represents JSF Capital as the broker facilitating the financing arrangement.

Players

Solomon Franco

Broker

$46M

vol

1 deal

Broker
G4 Capital Partners
G4 Capital PartnersLender
Abraham Leifer

Abraham Leifer

Aview Equities

Landlord

$162.1M

vol

6 deals

Landlord

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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93