FINANCEDMixed-use
$2,600,000 Loan Secured For Mixed-Use Property At 159 Grand St In Brooklyn
159 Grand St
$2,600,000
$825/SF
Building Size
3,150 SF
Asset Type
Mixed-use
Closing
Jun 5, 2024
AI
The asset involved is a mixed-use property located at 159 Grand St in the Brooklyn market. The secured loan amount for this property transaction is $2,600,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,600,000.00
- Address: 159 Grand St
- Market: Brooklyn
Michael J. Gefter is the broker representing the landlord in this transaction, facilitating the loan agreement for the property.
Players
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93