Kenneth Cayre's Cayre Equities Secures $24.2M Refinancing Loan For 1260 Atlantic Avenue Property In Crown Heights, Brooklyn | 1260 Atlantic Avenue | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

92,191 sqft

The storage building located at 1260 Atlantic Avenue in Crown Heights, Brooklyn has secured a refinancing loan of $24.2 million. The property is an industrial asset with a total square footage of 92,191. The loan was obtained from Gerard DePoalo and Judy Barnes, representing Bank Hapoalim. The landlord of the property is Kenneth Cayre of Cayre Equities.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $24,250,000
Address: 1260 Atlantic Avenue, Crown Heights, Brooklyn
Lender: Gerard DePoalo & Judy Barnes - Bank Hapoalim
Landlord: Kenneth Cayre - Cayre Equities

Cayre Equities, represented by Kenneth Cayre, successfully secured the $24.2 million refinancing loan from Bank Hapoalim for the storage building at 1260 Atlantic Avenue in Crown Heights, Brooklyn.

Details

Deal Summary

FINANCED

IMAGE: 09/12/2023 ADDRESS: 1260 Atlantic Avenue MARKET: Crown Heights, Brooklyn ASSET TYPE: Industrial ~ SF: 92,191 LENDER: Gerard DePoalo & Judy Barnes - Bank Hapoalim LANDLORD: Kenneth Cayre - Cayre Equities LOAN AMOUNT: $24,250,000 LOAN TYPE: Refinance NOTE: Cayre Equities, represented by Kenneth Cayre, secured a $24.2 million refinancing loan from Bank Hapoalim for the storage building at 1260 Atlantic Avenue in Crown Heights, Brooklyn.

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Address1260 Atlantic Avenue

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