Updated Dec 21, 2023
Equitas Capital Group Arranges $4.5M Acquisition Loan For Industrial Property At 743-747 Myrtle Avenue, Brooklyn
747 Myrtle Avenue, Brooklyn, NY 11205, USA
$4,500,000
$450/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Dec 3, 2021
About this deal
AI
743-747 Myrtle Avenue, located in Brooklyn, was involved in a recent closed transaction. This industrial property spans approximately 10,000 square feet and was the subject of an acquisition loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 743-747 Myrtle Avenue
- Market: Brooklyn
- Loan Type: Acquisition
- Loan Terms: 3.39% rate, 10 years fixed, 65% LTV
Alex Leykind from Equitas Capital Group served as the broker in this transaction, providing expertise and guidance. Equitas Capital Group specializes in commercial real estate financing and offers tailored solutions to meet the individual needs and challenges of clients. Their dedicated team of experts leverages market-leading technology to secure loans with competitive rates and beneficial terms. Clients can reach Equitas Capital Group at tel:646.637.7510 to learn more about their services and how they can assist with finding the best loans for commercial properties.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93