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
About this deal
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The mixed use loan at 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA in New York financed for $61.5M in 2021. 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA is classified as Mixed Use on Traded. Scott Miller, Peter Martz, Jake Weinstein, Israel Schubert appear on the loan alongside Meridian Capital Group. This page is the New York file for the 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that local mixed use set by closing date to see what else financed near 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA around 2021. Published consideration for 271 Sea Breeze Avenue, Coney Island, Brooklyn, NY, USA is $61.5M, dated 2021. Cite this Sergey Rybak & Jason Reznik Of RYBAK Development Secure $61.5M Loan From MF1 Capital loan when underwriting similar mixed use product around New York.
On the Map
$61,500,000
Mixed-use
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Players
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