Richard Sutton Of Parallel CRE Secures $16.5M Refinance Loan For Mixed-use Property In Brooklyn
135 Kent Avenue
$16,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 1, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 135 Kent Avenue in the Brooklyn market. A refinance loan was secured for the amount of $16,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,500,000
- Loan Type: Refinance
- Address: 135 Kent Avenue
- Market: Brooklyn
- Landlord's Representative: Richard Sutton - Parallel CRE
The key individual representing the landlord in this transaction is Richard Sutton, associated with Parallel CRE. His role was integral in facilitating the refinance deal for this property.
On the Map
$16,500,000
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93