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

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FINANCED
$84,250,000
Henry Bodek
IH

New York

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Mixed-use110,000 SF
Financed 02/11/2020
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FINANCED

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

200 Kent Avenue, Brooklyn, NY 11249

See Similar Deals
Mixed-use110,000 SF
Financed 02/11/2020
Henry Bodek
IH
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$765
Total Square Footage:110,000 SF
Transaction Type:Loan

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
Henry Bodek
69 deals$12.3B volume
BROKER
G4 Capital Partners
G4 Capital Partners
LENDER
IH
Isaac Hager
5 deals$219.3M volume
LANDLORD

Details

FINANCED
IMAGE: Robyn Sorid & Jason Behfarin DATE: 02/11/2020 ADDRESS: 200 Kent Avenue MARKET: Brooklyn, Williamsburg ASSET TYPE: Mixed-use SF: 110,000 LENDER: G4 Capital Partners 🛩 Louis Silverman LANDLORD: Isaac Hager / Cornell Realty Management, LLC BROKERS: GLX Capital - Henry Bodek LOAN AMOUNT: $84,250,000 NOTE: @TraderJoes will occupy a portion of the building.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$84,250,000.00

Monthly NOI$561,666.67
Monthly Debt Service$532,517.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00