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101 Fleet Place

Jay Group Secures $170 Million Refinance Loan From New York Life Insurance For Mixed-Use Asset
FINANCEDMixed-use

Jay Group Secures $170 Million Refinance Loan From New York Life Insurance For Mixed-Use Asset

101 Fleet Place

$170,000,000

$566/SF

Building Size

300,000 SF

Asset Type

Mixed-use

Closing

Jul 10, 2025

AI

The property asset involved is a mixed-use building located at 101 Fleet Place in Brooklyn. The asset has a total square footage of 300,000 and the transaction involves a refinance loan amounting to $170,000,000.

Summary of transaction details:

The deal features key individuals such as the landlords Jay Group along with Isaac Chetrit, Eli Chetrit, and Jacob Aini, who play significant roles in the transaction. Henry Bodek from Galaxy Capital serves as the broker representing the interests in this refinance deal.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
Galaxy Capital
Galaxy CapitalBrokerage
New York Life
New York LifeLender
Eli Chetrit

Eli Chetrit

Jay Group

Landlord

$1.3B

vol

8 deals

Landlord
JG
Jay GroupLandlord
JG
Jay GroupLandlord

Brooklyn 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93