JLJ Capital Provides $57M Loan For Mixed-Use Property At 329 Broadway, Williamsburg
FINANCED
$57,000,000
New York
See Similar DealsMixed-use57,000,000 SF
Financed 09/04/2019
FINANCED
JLJ Capital Provides $57M Loan For Mixed-Use Property At 329 Broadway, Williamsburg
329 Broadway, Brooklyn, NY 11211, USA
See Similar DealsMixed-use57,000,000 SF
Financed 09/04/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1
Total Square Footage:57,000,000 SF
Transaction Type:Loan
A mixed-use property located at 329 Broadway in Williamsburg has been involved in a closed transaction. The property, which includes both residential and commercial spaces, was sold for a total amount of $57,000,000. The transaction took place on September 4, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $57,000,000
- Address: 329 Broadway
- Market: Williamsburg
JLJ Capital provided a loan amount of $57,000,000 for this transaction. The landlord of the property is Parkview Management. Jonathan Lewis's image is associated with this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,000,000.00
Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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