All Year Management Refinances Bushwick Property For $165M
115 Stanwix St, Brooklyn, NY 11206, USA
$165,000,000
$1,716/SF
Building Size
96,140 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
AI
The property at 115 Stanwix Street in Bushwick, Brooklyn, NY was recently involved in a refinance transaction. The property is a mixed-use asset and belongs to Yoel Goldman’s All Year Management. The deal was facilitated by brokers Rafi Lipa and Gal Amit of Victory Consulting. The refinance amount secured for the property was $165 million at a 3% interest rate on the Israeli Bond Market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $165 million
- Address: 115 Stanwix Street, Bushwick, Brooklyn, NY
- Landlord: Yoel Goldman’s All Year Management
- Brokers: Rafi Lipa and Gal Amit of Victory Consulting
The refinance transaction for 115 Stanwix Street was successful, thanks to the efforts of brokers Rafi Lipa and Gal Amit from Victory Consulting. Yoel Goldman’s All Year Management, the landlord of the property, managed to secure the funds at a favorable 3% interest rate on the Israeli Bond Market. The refinance will provide financial stability and growth opportunities for the mixed-use asset.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93