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Corevest Refinances Mixed-Use Property On Johnson Ave, Williamsburg For $2.7M

Property Image
FINANCED
$2,700,000

New York

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Mixed-use6,228 SF
Financed 06/06/2024
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Property Image
FINANCED

Corevest Refinances Mixed-Use Property On Johnson Ave, Williamsburg For $2.7M

211 Johnson Avenue

See Similar Deals
Mixed-use6,228 SF
Financed 06/06/2024
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$433
Total Square Footage:6,228 SF
Transaction Type:Loan

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:

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

Tzvi Balsam
6 deals$33.6M volume
BROKER

CoreVest Finance
LENDER

Details

FINANCED
IMAGE: Ramsey Kassih, Eli Attias & Tzvi Balsam DATE: 06/06/2024 ADDRESS: 211 Johnson Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use ~ SF: 6,228 LENDER: Ramsey Kassih (@Bkbash) - Corevest Finance (@CoreVest) LANDLORD: Eli Attias (@EliAttias) - The Eliviat Group (@EliviatGroup) BROKER: Tzvi Balsam - The Leopard Group LOAN AMOUNT: $2,700,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,700,000.00

Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00