Michael J. Gefter Secures $2,600,000 Loan For Mixed-Use Asset At 159 Grand Street In Brooklyn
159 Grand Street
$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 in this transaction is a mixed-use property located at 159 Grand Street in Brooklyn. The loan amount secured for this property is $2,600,000.00.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,600,000.00
- Address: 159 Grand Street
- Market: Brooklyn
- Loan Amount: $2,600,000.00
The broker involved in this transaction is Michael J. Gefter, who represents the landlord in this deal.
The mixed use loan at 159 Grand Street 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. Named participants on the 159 Grand Street loan are Karim Khemiri, Michael J. Gefter. This page is the Brooklyn, New York file for the 159 Grand Street 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 Street around 2024. Published consideration for 159 Grand Street is $2.6M, dated 2024. Cite this Michael J. Gefter Secures $2,600,000 Loan For Mixed-Use Asset At 159 Grand Street In Brooklyn loan when underwriting similar mixed use product around Brooklyn, New York.
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