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
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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