Wells Fargo Provides $42.5M Loan For Mixed-Use Property In Gowanus, Brooklyn
FINANCED
$42,500,000
New York
See Similar DealsMixed-use100 SF
Financed 12/20/2022
FINANCED
Wells Fargo Provides $42.5M Loan For Mixed-Use Property In Gowanus, Brooklyn
300 Huntington Street, Brooklyn, New York 11231, United States
See Similar DealsMixed-use100 SF
Financed 12/20/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$425,000
Total Square Footage:100 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,500,000.00
Monthly NOI$283,333.33
Monthly Debt Service$268,628.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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