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
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