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:
- Property Type: Medical Office
- Transaction Amount: $20,000,000
- Lender: Dormitory Authority Of The State Of New York
- Landlord: Ramon Rodriguez
- Loan Type: Refinance
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
Brooklyn Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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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