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112 Wyckoff Avenue

Ramon Rodriguez Secures $20 Million Refinance Loan For Wyckoff Heights Medical Center In Brooklyn
FINANCEDMedical Office

Ramon Rodriguez Secures $20 Million Refinance Loan For Wyckoff Heights Medical Center In Brooklyn

112 Wyckoff Avenue, 374 Stockholm Street, 342 Stanhope Street, 348 Stanhope Street, 350 Stanhope Street, 374 Stanhope Street & 179 Jamaica Avenue

$20,000,000

Building Size

Asset Type

Medical Office

Closing

Oct 29, 2024

AI

Wyckoff Heights Medical Center, located at 112 Wyckoff Avenue, 374 Stockholm Street, 342 Stanhope Street, 348 Stanhope Street, 350 Stanhope Street, 374 Stanhope Street & 179 Jamaica Avenue in Brooklyn, has secured a refinance loan amounting to $20 million. The asset type involved in this transaction is a medical office.

Summary of transaction details:

The refinancing was organized by dormitory authorities that support state health care facilities, highlighting the involvement of Ramon Rodriguez as the landlord who owns the medical office facility in this deal.

Players

DY
Dormitory Authority Of The State Of New YorkLender

Brooklyn Medical Office Market Snapshot

Boundary boundary · Medical Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93