Bravo Capital Provides $23M Bridge Loan For Mixed-Use Property In Flatbush, Brooklyn
FINANCED
$23,000,000
New York
See Similar DealsMixed-use32,453 SF
Financed 03/01/2022
FINANCED
Bravo Capital Provides $23M Bridge Loan For Mixed-Use Property In Flatbush, Brooklyn
1620 New York Avenue, Brooklyn, New York 11210, United States
See Similar DealsMixed-use32,453 SF
Financed 03/01/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$708
Total Square Footage:32,453 SF
Transaction Type:Loan
The mixed-use property located at 1620 New York Avenue in Flatbush, Brooklyn has recently undergone a closed transaction. Spanning a total of 32,453 square feet, this property comprises 54 units, making it a valuable asset in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $23,000,000
- Address: 1620 New York Avenue, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
- Square Footage: 32,453
- Units: 54
In this transaction, Bravo Capital, represented by Aaron Krawitz, provided a bridge loan of $23,000,000. Joel Jacob acted as the landlord in this deal. Meanwhile, the brokerage services were handled by Henry Bodek from Galaxy Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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