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744 Clinton Street

Updated Dec 5, 2025

Mordechai Kohn's Sunlight Clinton Realty Secures $27M Refinance From CTBC Bank For Red Hook Properties
FINANCEDIndustrial

Mordechai Kohn's Sunlight Clinton Realty Secures $27M Refinance From CTBC Bank For Red Hook Properties

744 Clinton Street

$27,000,000

$314/SF

Building Size

85,933 SF

Asset Type

Industrial

Closing

Oct 24, 2025

About this deal

AI

Two industrial properties located at 744 Clinton Street and 784 Henry Street in Red Hook, Brooklyn, have a combined square footage of 85,933. These properties have recently undergone refinancing with a loan amount of $27,000,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27,000,000
  • Loan Type: Refinance
  • Previous Loan Amount: $21,000,000
  • Lender: CTBC Bank
  • Landlord: Mordechai Kohn
  • Market: Red Hook, Brooklyn

Mordechai Kohn’s Sunlight Clinton Realty executed the refinancing of the two properties. The new loan from CTBC Bank replaces a prior loan from FourLeaf Federal Credit Union.

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$27,000,000

$314/SF

Industrial

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Players

CTBC Bank
CTBC BankLender
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Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $314 per square foot on a published $27M for 85,933 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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