Rcubed Real Estate Lends $1.65M Bridge Loan For 335 Court Street In Carroll Gardens
335 Court Street
$1,650,000
$458/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Feb 20, 2024
About this deal
AI
The mixed-use property located at 335 Court Street in Carroll Gardens, Brooklyn, spans 3,600 square feet. The loan for this property was facilitated by Lawrence Rosenblum from Rcubed Real Estate, with a total amount of $1,650,000 being provided as bridge financing.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,650,000
- Address: 335 Court Street
- Market: Carroll Gardens, Brooklyn
- Lender: Lawrence Rosenblum - Rcubed Real Estate
- Landlord: Michael Joseph
- Loan Type: Bridge
Rcubed Real Estate, the lending entity for this deal, prides itself on its efficiency, offering quick closings within 7 days from the signing of the term sheet. Lawrence Rosenblum emphasized that Rcubed Real Estate is a direct balance sheet lender operating actively in NYC. Additionally, the lender is open to engaging with brokers and direct lenders for potential collaboration and growth opportunities, encouraging interested parties to reach out for further discussions.
On the Map
$1,650,000
$458/SF
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93