Galaxy Capital Arranges $20.8M Construction Loan For Mixed-Use Property In New York City
2777 Atlantic Ave Brooklyn, NY 11207, USA
$20,800,000
$309/SF
Building Size
67,250 SF
Asset Type
Mixed-use
Closing
May 16, 2023
About this deal
AI
A mixed-use property located at 2777-2776 Atlantic Avenue in New York City has recently undergone a closed transaction. This property spans an impressive 67,250 square feet and is situated in a prime location for both residential and commercial use.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $20,800,000
- Address: 2777-2776 Atlantic Avenue
- Market: New York City
- Square Footage: 67,250
The key player in this deal is Henry Bodek, representing Galaxy Capital. As the broker for this transaction, Henry Bodek facilitated the successful completion of the deal, ensuring the smooth transfer of ownership for the property.
Players
New York 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93