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200 Kent Avenue, Brooklyn, ...

G4 Capital Partners Provides $84.25M Loan For Mixed-Use Building On Kent Avenue, Brooklyn
FINANCEDMixed-use

G4 Capital Partners Provides $84.25M Loan For Mixed-Use Building On Kent Avenue, Brooklyn

200 Kent Avenue, Brooklyn, NY 11249

$84,250,000

$765/SF

Building Size

110,000 SF

Asset Type

Mixed-use

Closing

Feb 10, 2020

AI

An $84,250,000 loan has been secured for a mixed-use property located at 200 Kent Avenue in Brooklyn's Williamsburg neighborhood. The property spans a total of 110,000 square feet.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $84,250,000
  • Address: 200 Kent Avenue
  • Market: Brooklyn, Williamsburg
  • Lender: G4 Capital Partners - Louis Silverman
  • Landlord: Isaac Hager / Cornell Realty Management, LLC
  • Broker: GLX Capital - Henry Bodek

The loan was provided by G4 Capital Partners, with Louis Silverman representing the lending firm. Isaac Hager, in partnership with Cornell Realty Management, LLC, serves as the landlord for the property. The GLX Capital team, led by Henry Bodek, acted as the broker in this transaction.

Notably, Trader Joe's will occupy a portion of the building, adding value to the property.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
G4 Capital Partners
G4 Capital PartnersLender

Isaac Hager

Cornell Realty Management, LLC

Landlord

$219.3M

vol

5 deals

Landlord

New York 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93