Updated Dec 4, 2024
Oren Neria Secures $2.1 Million Refinance Loan From TD Bank For 311 Scholes Street Brooklyn
311 Scholes Street
$2,100,000
$280/SF
Building Size
7,475 SF
Asset Type
Industrial
Closing
Oct 28, 2024
About this deal
AI
The property involved in the transaction is an industrial asset located at 311 Scholes Street in Brooklyn. The asset has a total square footage of 7,475. The loan amount associated with this property is $2,100,000, which is a refinance loan type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 311 Scholes Street
- Market: Brooklyn
- Lender: TD Bank
- Landlord: Oren Neria
- Brokers: Gil Shenhav & Dave O'Leary - Avra CapitalLLC
Key individuals involved in this transaction include Gil Shenhav and Dave O'Leary, both of whom represent Avra Capital LLC. Oren Neria serves as the landlord for the property, while TD Bank is the lender facilitating the refinance loan.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Gil Shenhav 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93