Feil Organization Secures $30M Loan For Mixed-Use Property At 356 Fulton Street In Brooklyn Heights
356 Fulton Street, Brooklyn, NY, USA
$30,000,000
$1,072/SF
Building Size
27,972 SF
Asset Type
Mixed-use
Closing
Feb 17, 2021
About this deal
AI
The mixed-use property located at 356 Fulton Street in Brooklyn Heights has recently secured a loan for $30,000,000. The property spans across 27,972 square feet and is owned by Feil Organization. The loan was provided by M&T Bank.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $30,000,000
- Address: 356 Fulton Street
- Market: Brooklyn Heights
- Square Footage: 27,972
Feil Organization, the landlord of 356 Fulton Street, acquired the property in 2015 from Capital One Bank for $43,000,000.
The mixed use loan at 356 Fulton Street, Brooklyn, NY, USA in New York, New York financed for $30M in 2021. The building is 27,972 square feet, implying about 1.1K per square foot on the published price. The Feil Organization appears on the loan alongside The Feil Organization. This page is the New York, New York file for the 356 Fulton Street, Brooklyn, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 356 Fulton Street, Brooklyn, NY, USA around 2021. Published consideration for 356 Fulton Street, Brooklyn, NY, USA is $30M, dated 2021. Cite this Feil Organization Secures $30M Loan For Mixed-Use Property At 356 Fulton Street In Brooklyn Heights loan when underwriting similar mixed use product around New York, New York.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93