facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Loan

/

12 Franklin Street

Andrew Waldman's 360 Capital Funding Provides $20.3M Acquisition & Rehab Loan For Greenpoint Retail Property
FINANCEDIndustrial

Andrew Waldman's 360 Capital Funding Provides $20.3M Acquisition & Rehab Loan For Greenpoint Retail Property

12 Franklin Street

$20,300,000

$676/SF

Building Size

30,000 SF

Asset Type

Industrial

Closing

Oct 26, 2023

AI

Located at 12 Franklin Street in Greenpoint, Brooklyn, this retail property spans 30,000 square feet.

Summary of transaction details

The lenders involved in this transaction are Andrew Waldman from 360 Capital Funding, who facilitated the loan of $20,300,000 for the acquisition and rehabilitation of the property. Charles Yellen from HKS Real Estate Advisors represented both parties as the broker in this deal.

Players

Charles Yellen

HKS Real Estate Advisors

Broker

$50.3M

vol

2 deals

Broker
Andrew Waldman

Andrew Waldman

360 Capital Funding

Lender

$70.7M

vol

4 deals

Lender
360 Capital Funding
360 Capital FundingLender

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93