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:
- Property Type: Development Site
- Transaction Amount: $46,000,000
- Lender: G4 Capital Partners
- Landlord: Aview Equities - Abraham Leifer
- Broker: Solomon Franco - JSF Capital
- Loan Type: Construction Financing
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
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