Updated Nov 27, 2024
Bank Of America Provides $106.1M Loan For Industrial Properties In Brooklyn
578 Cozine Avenue, Brooklyn, New York 11208, United States
$106,100,000
$502/SF
Building Size
211,098 SF
Asset Type
Industrial
Closing
Aug 2, 2022
About this deal
AI
The industrial property located at 578 Cozine Avenue, 771 Montauk Avenue, and 554 Cozine Avenue in Brooklyn has been involved in a recent transaction. The property spans approximately 211,098 square feet and falls under the asset type of Industrial.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $106,100,000
- Address: 578 Cozine Avenue, 771 Montauk Avenue, and 554 Cozine Avenue
- Market: Brooklyn
- Lender: Bank of America
- Landlord: CBRE Capital Markets
The transaction involved a loan amount of $106,100,000 provided by Bank of America. CBRE Capital Markets acted as the landlord in the deal.
Players
New York 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93