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1730 Bedford Ave Brooklyn, ...

Invictus Real Estate Partners Provides $62.25M Construction Loan For Mixed-Use Property In Brooklyn
FINANCEDMixed-use

Invictus Real Estate Partners Provides $62.25M Construction Loan For Mixed-Use Property In Brooklyn

1730 Bedford Ave Brooklyn, NY 11225, USA

$62,250,000

Building Size

Asset Type

Mixed-use

Closing

Jul 3, 2023

AI

The property located at 1730 Bedford Avenue in Brooklyn has undergone a significant loan transaction. The asset, which is a mixed-use property, has been involved in a construction loan deal.

Summary of transaction details

  • Property Type: Mixed-Use
  • Loan Amount: $62,250,000
  • Date: 07/03/2023
  • Address: 1730 Bedford Avenue
  • Market: Brooklyn

Invictus Real Estate Partners has acted as the lender in this major transaction. Seventh Street Development Group, represented by Jack Gold and Rivkah Sontag-Tepler, serves as the landlord in this deal. The brokers involved in this transaction are Abraham Bergman and Yossi Orzel from Eastern Union Funding.

Players

Abraham Bergman

Eastern Union

Broker

$81.9M

vol

2 deals

Broker
Invictus Real Estate Partners
Invictus Real Estate PartnersLender

Rivkah Sontag Tepler

Seventh Street Development Group

Landlord

$62.3M

vol

2 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93