Shimon Lefkowitz's Development Site Receives $48.8M Refinance Loan From Dwight Capital
615 Avenue C New Y
$48,800,000
$548/SF
Building Size
89,000 SF
Asset Type
Development Site
Closing
Mar 13, 2025
AI
The property asset involved in this transaction is a development site located at 615 Avenue C, New York City. The financial details of the loan indicate a refinancing transaction amounting to $48,800,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $48,800,000.00
- Loan Type: Refinance
- Lender: Dwight Capital
- Landlord: Shimon Lefkowitz
- Transaction Date: 03/13/2025
- Market: New York City
The key individuals involved in this deal include Shimon Lefkowitz, acting as the landlord for this property transaction. Dwight Capital serves as the lender providing the refinancing solution for this development site.
Players
Brooklyn 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93