Conway Capital Secures $8.25M Loan For Mixed-Use Property On Atlantic Avenue, Brooklyn
214-218 Atlantic Avenue, Brooklyn, NY, USA
$8,250,000
$1,375/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jul 9, 2020
About this deal
AI
214-218 Atlantic Avenue in Brooklyn has been involved in a recent closed property transaction. This mixed-use property has attracted attention in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,250,000
- Address: 214-218 Atlantic Avenue
- Market: Brooklyn
The lender in this transaction was LMF Commercial, which is a part of Lennar Co. The loan brokers who facilitated the deal were Jonathan Singer from Strategic Funding Corp. and Robert Tobias from RJT Capital Partners.
The loan amount for this transaction was $8,250,000, and the loan terms were for a 10-year fixed period with full interest-only payments.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Jonathan Singer to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93