Updated Sep 30, 2025
Brookfield Properties Secures $400M Loan For Greenpoint Landing Mixed-Use Development
Greenpoint Avenue, Greenpoint, Brooklyn, NY, USA
$400,000,000
$417/SF
Building Size
958,320 SF
Asset Type
Development Site
Closing
Jul 23, 2020
About this deal
AI
Greenpoint Landing, a development site located in Greenpoint, Brooklyn, was the subject of a recent closed property transaction. The mixed-use development site received a loan amount of $400,000,000.
Summary of transaction details
- Property Type: Dev. site (Mixed-use)
- Transaction Amount: $400,000,000
- Address: Greenpoint Landing
- Market: Greenpoint, Brooklyn
The landlord for this transaction was Brookfield Properties, while the lender was blackstone''>Blackstone Mortgage Trust. The key individuals involved in the deal include Brian Kingston, Kenneth Caplan, Stephen A. Schwarzman, Jonathan Gray, Bruce Flatt, and Kathleen McCarthy. Their roles and affiliations in the transaction were not provided in the available information.
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93