JPMorgan Chase Refinances Industrial Property In Clinton Hill, Brooklyn For $54.3 Million
FINANCED
$54,307,268
New York
See Similar DealsIndustrial280 SF
Financed 01/12/2022
FINANCED
JPMorgan Chase Refinances Industrial Property In Clinton Hill, Brooklyn For $54.3 Million
32 Grand Avenue, Brooklyn, New York 11205, United States
See Similar DealsIndustrial280 SF
Financed 01/12/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$193,954
Total Square Footage:280 SF
Transaction Type:Loan
Located at 32 Grand Avenue in Clinton Hill, Brooklyn, this industrial property spans over 280,000 square feet. The asset was recently involved in a closed transaction for a loan refinance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $54,307,268
- Address: 32 Grand Avenue, Clinton Hill, Brooklyn
- Market: Clinton Hill, Brooklyn
The loan for this property was provided by JPMorgan Chase, with Austin Lotito representing the lender. The landlord of the property is Storage Post, with William A. Palmer III acting as their representative.
Please note that no additional details were provided regarding the terms or conditions of the loan refinance.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,307,268.00
Monthly NOI$362,048.45
Monthly Debt Service$343,258.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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