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211 Johnson Avenue

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

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:

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

The Leopard Group

Broker

$33.6M

vol

6 deals

Broker
CoreVest Finance
CoreVest FinanceLender

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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