Corevest Refinances Mixed-Use Property On Johnson Ave, Williamsburg For $2.7M
211 Johnson Avenue
$2,700,000
$433/SF
Building Size
6,228 SF
Asset Type
Mixed-use
Closing
Jun 6, 2024
AI
The mixed-use property located at 211 Johnson Avenue in Williamsburg, Brooklyn spans 6,228 square feet. The recent transaction involved a refinance loan amounting to $2,700,000. The lender, Ramsey Kassih from Corevest Finance, provided the financing for this property. The landlord, Eli Attias, represents The Eliviat Group, the owner of the mixed-use asset. Tzvi Balsam from The Leopard Group acted as the broker in this deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Address: 211 Johnson Avenue
- Market: Williamsburg, Brooklyn
- Lender: Ramsey Kassih - Corevest Finance
- Landlord: Eli Attias - The Eliviat Group
- Broker: Tzvi Balsam - The Leopard Group
Ramsey Kassih, from Corevest Finance, was the lender who provided the financing for the property at 211 Johnson Avenue. Eli Attias acted as the landlord, representing The Eliviat Group in this transaction. Tzvi Balsam, from The Leopard Group, worked as the broker facilitating the deal between the involved parties.
Players
Brooklyn 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93