$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
About this deal
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.
The mixed use loan at 159 Grand St in Brooklyn, New York financed for $2.6M in 2024. The building is 3,150 square feet, implying about 825 per square foot on the published price. Michael Gefter, Karim Khemiri, Wolf Investment Partners appear on the loan alongside Wolf Investment Partners. This page is the Brooklyn, New York file for the 159 Grand St mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn mixed use set by closing date to see what else financed near 159 Grand St around 2024. Published consideration for 159 Grand St is $2.6M, dated 2024. Cite this $2,600,000 Loan Secured For Mixed-Use Property At 159 Grand St In Brooklyn loan when underwriting similar mixed use product around Brooklyn, New York.
On the Map
$2,600,000
$825/SF
Mixed-use
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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