Colony Capital Provides $84M Loan For Mixed-Use Property On Wythe Avenue, Williamsburg
FINANCED
$84,000,000
+ 1
New York
See Similar DealsMixed-use25,000 SF
Financed 10/25/2019
FINANCED
Colony Capital Provides $84M Loan For Mixed-Use Property On Wythe Avenue, Williamsburg
360 Wythe Ave, Brooklyn, NY 11249, USA
See Similar DealsMixed-use25,000 SF
Financed 10/25/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$3,360
Total Square Footage:25,000 SF
Transaction Type:Loan
The property involved in this closed transaction is located at 360 Wythe Avenue in Williamsburg, Brooklyn. It is a mixed-use asset consisting of retail, office, and residential spaces. The transaction took place on October 25, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $84,000,000
- Address: 360 Wythe Avenue
- Market: Williamsburg, Brooklyn
- Size: 25,000 square feet of retail space, 46,000 square feet of office space, and just over 18,500 square feet of residential space
- Rental Units: 28
The lender involved in this transaction was Colony Capital, and the landlord was Flank Architecture + Development. The brokers representing the deal were Keith Kurland, Aaron Appel, Jonathan Schwartz, and Adam Schwartz.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,000,000.00
Monthly NOI$560,000.00
Monthly Debt Service$530,937.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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