Equitas Capital Group Refinances Mixed-use Property On Broadway For $16M
312 Broadway, Brooklyn, New York 11211, United States
$16,000,000
$652/SF
Building Size
24,518 SF
Asset Type
Mixed-use
Closing
Sep 1, 2022
About this deal
AI
The mixed-use property located at 312 Broadway in Williamsburg, Brooklyn has recently gone through a refinancing transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,000,000
- Address: 312 Broadway, Williamsburg, Brooklyn
- Square Footage: 24,518
- Date: 09/02/2022
- Market: Williamsburg, Brooklyn
The loan was facilitated by Alex Leykind from Equitas Capital Group. The loan terms include a 10-year fixed term with 10 years of interest-only payments. It is a non-recourse loan and is assumable.
Equitas Capital Group specializes in providing customized financing solutions for commercial real estate. They focus on building relationships with their clients and understanding their unique needs and challenges. To learn more about their services and how they can assist in financing your next commercial property, you can contact Equitas Capital Group at 646-637-7510 or send an email to [email protected].
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93