Lendlease Secures $360M Construction Loan For Mixed-Use Property In Greenpoint, Brooklyn
30 Kent St, Brooklyn, NY 11222, USA
$38,000,000
$44/SF
Building Size
860,670 SF
Asset Type
Mixed-use
Closing
May 28, 2019
About this deal
AI
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.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93