facebook
Traded Co logo
Submit

Millenium Estates Brokers Facilitate $67.5M Loan For Mixed-Use Property In Brooklyn, Bath Beach

Property Image
FINANCED
$67,500,000

New York

See Similar Deals
Mixed-use3,554,190 SF
Financed 01/14/2020
the dealplayerscompscontact
Property Image
FINANCED

Millenium Estates Brokers Facilitate $67.5M Loan For Mixed-Use Property In Brooklyn, Bath Beach

2300 Cropsey Ave, Brooklyn, NY 11214, USA

See Similar Deals
Mixed-use3,554,190 SF
Financed 01/14/2020
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$19
Total Square Footage:3,554,190 SF
Transaction Type:Loan

Located in the neighborhood of Bath Beach in Brooklyn, the mixed-use property at 2300 Cropsey Avenue has recently undergone a closed transaction. The property spans a total area of 355,419 square feet, offering a diverse range of commercial and residential space to its occupants. The deal, facilitated by Millenium Estates, involved several key players, including lender G4 Capital Partners and landlord W&L Group represented by Thomas Wang.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $67,500,000
  • Address: 2300 Cropsey Avenue
  • Market: Brooklyn, Bath Beach
  • Lender: G4 Capital Partners
  • Landlord: W&L Group – Thomas Wang
  • Square Footage: 355,419
  • Brokers: Millenium Estates

Robyn Sorid and Jason Behfarin from Millenium Estates played a crucial role in facilitating the transaction as the brokers representing the interested parties. Together with the lender, G4 Capital Partners, they ensured a successful deal for the mixed-use property at 2300 Cropsey Avenue. The landlord, W&L Group, led by Thomas Wang, also played a vital role in the transaction by representing their interests throughout the process.

Players

LENDER

Details

FINANCED
IMAGE: Robyn Sorid & Jason Behfarin DATE: 01/14/2020 ADDRESS: 2300 Cropsey Avenue MARKET: Brookyn, Bath Beach ASSET TYPE: Mixed-use LENDER: G4 Capital Partners LANDLORD: W&L Group – Thomas Wang LOAN AMOUNT: $67,500,000 SF: 355,419 BROKERS: Millenium Estates

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,500,000.00

Monthly NOI$450,000.00
Monthly Debt Service$426,645.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00