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Bank United Provides $12.75M Acquisition Loan For Warehouses On Anthony Street In Brooklyn

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FINANCED
$12,375,000

New York

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Industrial130,160 SF
Financed 03/11/2025
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Property Image
FINANCED

Bank United Provides $12.75M Acquisition Loan For Warehouses On Anthony Street In Brooklyn

15 Anthony Street, 19 Anthony Street, 23 Anthony Street & 35 Anthony Street

See Similar Deals
Industrial130,160 SF
Financed 03/11/2025
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:130,160 SF
Transaction Type:Loan

The property asset involved in this transaction is a collection of warehouses located at 15, 19, 23 & 35 Anthony Street in Brooklyn. The total square footage of the industrial asset is 32,540. The acquisition was executed for a total price of $13,750,000, with a loan amounting to $12,750,000 secured from Bank United, featuring a five-year fixed-rate loan at 6.55% with 25 years amortization.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,750,000
  • Loan Amount: $12,750,000
  • Loan Type: Acquisition
  • Loan Terms: 5 Years Fixed Rate @ 6.55%, 25 Years Amortization
  • Address: 15, 19, 23 & 35 Anthony Street
  • Market: Brooklyn
  • Lender: Bank United
  • Broker: Jason Au - Au Consultants Inc

Jason Au successfully arranged the acquisition loan for a user to purchase nearly an entire block of warehouses in Greenpoint, Brooklyn. The brokerage firm involved in this transaction is Au Consultants Inc, represented by Jason Au.

Players

9 deals$41.1M volume
BROKER

Bank United
LENDER

Details

FINANCED
IMAGE: Jason Au DATE: 03/11/2025 ADDRESS: 15,19,23 & 35 Anthony Street MARKET: Brooklyn ASSET TYPE: Industrial ~ SF: 32,540 LENDER: Bank United (@BankUnited.Official)| BROKERS: Jason Au (@Jau198) - Au Consultants Inc (@Au_Consultants_Inc) LOAN AMOUNT: $12,750,000 LOAN TYPE: Acquisition LOAN TERMS: 5 Years Fixed Rate @ 6.55% , 25 Years Amortization NOTE FROM BROKER: Jason Au successfully arranged an acquisition loan for a user to purchase nearly an entire block of warehouses in Greenpoint, Brooklyn. The property was acquired for $13,750,000, with a loan of $12,750,000.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,375,000.00

Monthly NOI$82,500.00
Monthly Debt Service$78,218.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00