Updated Oct 29, 2024
PNC Bank Provides $57.4M Loan For Uovo's Warehouse On Evergreen Ave
105 Evergreen Ave, Brooklyn, NY, USA
$57,400,000
$382/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Aug 1, 2019
About this deal
AI
A warehouse located at 105 Evergreen Ave. in Brooklyn has been involved in a closed property transaction. The property, with a total area of 150,000 square feet, was sold for a loan amount of $57.4 million. The selling price per square foot was $313.
Summary of transaction details
- Property Type: Warehouse
- Loan Amount: $57.4 million
- Address: 105 Evergreen Ave.
- Market: Brooklyn
PNC Bank provided the loan for this transaction, while Uovo acted as the landlord. Steven Guttman, as the representative from PNC Bank, facilitated the deal.
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93