G4 Capital Partners Provides $92M Land/Predevelopment Loan For Mixed-Use Building In Gowanus
313 Bond Street, Brooklyn, New York 11217, United States
$92,000,000
$174/SF
Building Size
526,118 SF
Asset Type
Mixed-use
Closing
May 17, 2022
About this deal
AI
The property involved in this transaction is a proposed mixed-use building located at 313 Bond St. in the Gowanus market. The building has a total area of 526,118 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $92,000,000
- Address: 313 Bond St.
- Market: Gowanus
- Lender: G4 Capital Partners - Robyn Sorib & Jason Behfarin
- Landlord: The Rabsky Group
- Broker: Henry Bodek - Galaxy Capital
- Loan Type: Land/Predevelopment Loan
The lender in this transaction is G4 Capital Partners, represented by Robyn Sorib and Jason Behfarin. The landlord is The Rabsky Group. The broker involved in the deal is Henry Bodek from Galaxy Capital.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93