Wells Fargo Provides $42.5M Loan For Mixed-Use Property In Gowanus, Brooklyn
300 Huntington Street, Brooklyn, New York 11231, United States
$42,500,000
$425,000/SF
Building Size
100 SF
Asset Type
Mixed-use
Closing
Dec 20, 2022
About this deal
AI
A mixed-use property located at 300 Huntington Street in Gowanus, Brooklyn has recently undergone a closed transaction.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $42,500,000
- Address: 300 Huntington Street
- Market: Gowanus, Brooklyn
- Square Footage: 100,000
The lender involved in this transaction is Wells Fargo, represented by Christopher L. Murtha. They provided a loan amount of $42,500,000 for the property. The landlord for this property is Monadnock Development, represented by Frank Dubinsky. The property is owned by Frank Dubinsky.
Players
Brooklyn 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93