Updated Oct 29, 2024
G4 Capital Partners Provides $40M Loan For Development Site At 76 Eighth Ave
76 8th Avenue, Brooklyn, NY 11215
$40,000,000
$1,164/SF
Building Size
34,364 SF
Asset Type
Development Site
Closing
Mar 11, 2019
About this deal
AI
A boutique office development site located at 76 Eighth Ave has been involved in a closed transaction. The property spans across 34,364 square feet and is situated in a vibrant market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Date: 03/12/2019
- Lender: G4 Capital Partners
- Landlord: Noviprop and Plus Development
HFF, represented by Peter Rotchford, Christopher Peck, David Giancola, and Kristen Knapp, acted as the brokers for this transaction.
The development site loan at 76 8th Avenue, Brooklyn, NY 11215 in New York, New York financed for $40M in 2019. The building is 34,364 square feet, implying about 1.2K per square foot on the published price. Peter (Pete) Rotchford, David Giancola, Kristen Knapp, Christopher (Chris) Peck appear on the loan alongside JLL. This page is the New York, New York file for the 76 8th Avenue, Brooklyn, NY 11215 development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 76 8th Avenue, Brooklyn, NY 11215 around 2019. Published consideration for 76 8th Avenue, Brooklyn, NY 11215 is $40M, dated 2019. Cite this G4 Capital Partners Provides $40M Loan For Development Site At 76 Eighth Ave loan when underwriting similar development site product around New York, New York.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Peter (Pete) Rotchford to view all their deals.
Browse New York development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93