Lendlease Secures $360M Construction Loan For Mixed-Use Property In Greenpoint, Brooklyn
FINANCED
$38,000,000
New York
See Similar DealsMixed-use860,670 SF
Financed 05/29/2019
FINANCED
Lendlease Secures $360M Construction Loan For Mixed-Use Property In Greenpoint, Brooklyn
30 Kent St, Brooklyn, NY 11222, USA
See Similar DealsMixed-use860,670 SF
Financed 05/29/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$44
Total Square Footage:860,670 SF
Transaction Type:Loan
The mixed-use property located at 1 Java Street in Greenpoint, Brooklyn was involved in a closed transaction. The property spans approximately 570,074 square feet. The deal took place on December 13, 2022, and the property was sold for a loan amount of $360,000,000. The loan type for this transaction was construction.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $360,000,000
- Address: 1 Java Street, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
- Asset Size: 570,074 square feet
The landlord for this property is Lendlease, while the lender for the loan was Bank Of America. The brokers involved in the deal were Christopher Peck and Alex Staikos from JLL.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,000,000.00
Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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