Updated Oct 29, 2024
Goldman Sachs Provides $50M Loan For Rabsky Group's Development Site In Fulton Ferry
69 Adams St, Brooklyn, NY 11201, USA
$50,000,000
$1,215/SF
Building Size
41,150 SF
Asset Type
Development Site
Closing
Nov 18, 2019
About this deal
AI
The development site located at 69 Adams Street in Fulton Ferry has been involved in a closed transaction. The property, which is a development site, was sold for a loan amount of $50,000,000. The lender in this deal was Goldman Sachs, and the landlord was the Rabsky Group.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $50,000,000
- Lender: Goldman Sachs
- Landlord: Rabsky Group
In addition to the loan amount and the involved parties, no additional information has been provided about the property or the transaction.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93