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271 Sea Breeze Avenue, Cone...

Sergey Rybak & Jason Reznik Of RYBAK Development Secure $61.5M Loan From MF1 Capital
FINANCEDMixed-use

Sergey Rybak & Jason Reznik Of RYBAK Development Secure $61.5M Loan From MF1 Capital

271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA & 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA

$61,500,000

Building Size

Asset Type

Mixed-use

Closing

Aug 11, 2021

AI

No summary available.

Players

Israel Schubert

Meridian Capital Group

Broker

$376.5M

vol

5 deals

Broker
MF1 Capital
MF1 CapitalLender
Sergey Rybak

Sergey Rybak

Rybak Development

Landlord

$544.9M

vol

19 deals

Landlord

Market 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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93