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537 Columbia Street

Brookfield Properties Secures $25.3 Million Refinance Loan From Wells Fargo For Industrial Asset In NYC
FINANCEDIndustrial

Brookfield Properties Secures $25.3 Million Refinance Loan From Wells Fargo For Industrial Asset In NYC

537 Columbia Street

$25,300,000

$264/SF

Building Size

95,787 SF

Asset Type

Industrial

Closing

Mar 3, 2025

AI

The asset involved in this transaction is an industrial property located at 537 Columbia Street in New York City. The refinancing loan amount is $25,300,000.00, facilitated by Wells Fargo.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,300,000.00
  • Address: 537 Columbia Street
  • Market: New York City
  • Lender: Wells Fargo
  • Landlord: Brookfield Properties
  • Loan Type: Refinance

This transaction involves key entities including the landlord Brookfield Properties. The lender for the refinancing is Wells Fargo, which provides the financial backing for this industrial asset.

Players

Bank of America
Bank of AmericaLender
Citibank
CitibankLender

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93