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131 Smith Street, Brooklyn,...

Updated Dec 4, 2024

Bilt advertisement
Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial
FINANCEDMixed-use

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

Robert Tobias

RJT Capital Partners

Broker

$114.6M

vol

20 deals

Broker
LMF Commercial
LMF CommercialBrokerage
LMF Commercial
LMF CommercialLender
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Landlord

$304.5M

vol

35 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $2.1K per square foot on a published $10.3M for 4,876 square feet (2021).

Visit Jonathan Singer to view all their deals.

Browse New York mixed use loans on Traded.

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

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