G4 Capital Partners Provides $40M Loan For Development Site At 76 Eighth Ave
FINANCED
$40,000,000
+ 1
New York
See Similar DealsDevelopment Site34,364 SF
Financed 03/12/2019
FINANCED
G4 Capital Partners Provides $40M Loan For Development Site At 76 Eighth Ave
76 8th Avenue, Brooklyn, NY 11215
See Similar DealsDevelopment Site34,364 SF
Financed 03/12/2019
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,164
Total Square Footage:34,364 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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