Equitas Capital Group Arranges $18.56M Construction Loan For 82,000 SF Mixed-use Property In Brooklyn
3121 Ocean Avenue, Brooklyn, New York 11235, United States
$18,560,000
$226/SF
Building Size
82,000 SF
Asset Type
Mixed-use
Closing
Jun 22, 2022
About this deal
AI
Located at 3121 Ocean Ave in Brooklyn, this mixed-use property is a significant asset in the market. With a total square footage of 82,000, it offers a versatile space for various purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,560,000
- Loan Type: Construction
- Loan Terms: Term - 27 months
- Broker: Alex Leykind - Equitas Capital Group
Alex Leykind from Equitas Capital Group played a crucial role in facilitating this transaction. As a relationship-driven firm, Equitas Capital Group specializes in finding tailor-made solutions for commercial real estate financing needs. They invest time and resources to understand their clients' individual perspectives and challenges.
To learn more about how Equitas Capital Group can assist with financing your next commercial property, you can contact them at 646-637-7510 or [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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93