Updated Dec 4, 2024
Sage Usher's Ushjo Provides $3M Bridge Loan For Industrial Property At 127 12th Street, Gowanus
127 12th Street
$3,000,000
$81/SF
Building Size
37,000 SF
Asset Type
Industrial
Closing
Dec 18, 2023
About this deal
AI
The industrial property located at 127 12th Street in Gowanus has been involved in a recent loan transaction. The property spans approximately 37,000 square feet and is situated in the Gowanus market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Lender: Sage Usher - Ushjo
- Landlord: Vito Dimaio
- Broker: David Weinstein - Brookshire Finance & Advisory
Sage Usher, representing Ushjo, served as the lender for the loan transaction. The loan amount extended for this deal was $3,000,000 and was of the bridge loan type. Vito Dimaio holds the position of the landlord for the property, while David Weinstein, from Brookshire Finance & Advisory, acted as the broker in this transaction.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit David Weinstein to view all their deals.
Browse Brooklyn industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93