FINANCEDHotel
David Escava Secures $40M Refinance For Hotel At 2760 West 22nd Street In Brooklyn
2760 West 22nd Street
$40,000,000
$397/SF
Building Size
100,550 SF
Asset Type
Hotel
Closing
Sep 25, 2026
About this deal
AI
A hotel located at 2760 West 22nd Street in Coney Island, Brooklyn, has a total square footage of 100,550. The property is involved in a refinancing deal totaling $40 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $40,000,000
- Address: 2760 West 22nd Street
- Market: Brooklyn
- Lender: Bellwether Enterprise Real Estate Capital LLC
- Landlord: David Escava
- Loan Type: Refinance
David Escava, representing Neptune Avenue LLC, secured the refinancing through Bellwether Enterprise Real Estate Capital LLC for the property in question.
On the Map
$40,000,000
$397/SF
Hotel
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Players
West Hotel Market Snapshot
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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