Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial
131 Smith Street, Brooklyn, NY, USA
$10,300,000
$2,112/SF
Building Size
4,876 SF
Asset Type
Mixed-use
Closing
Feb 11, 2021
About this deal
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,300,000
- Units: 11
- Address: 131 Smith St. & 181 Court St.
- Market: Cobble Hill, Brooklyn
- Lender: LMF Commercial (A Lennar Co.)
- Landlord: Sean Lefkovits, David Lloyd & Lance Lefkovits
- Brokers: Jonathan Singer - Strategic Funding & Robert Tobias - RJT Capital
The mixed use loan at 131 Smith Street, Brooklyn, NY, USA in New York, New York financed for $10.3M in 2021. Reported inventory is 4,876 square feet across 11 units, or about 2.1K per square foot. Jonathan Singer, Robert Tobias, Sean Lefkovits, David Lloyd appear on the loan alongside RJT Capital Partners, Strategic Funding. This page is the New York, New York file for the 131 Smith Street, Brooklyn, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 131 Smith Street, Brooklyn, NY, USA around 2021. Published consideration for 131 Smith Street, Brooklyn, NY, USA is $10.3M, dated 2021. Cite this Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93