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415 Broadway, Brooklyn, New...

Updated Dec 22, 2023

Equitas Capital Group Arranges $8.64M Refinance Loan For Mixed-Use Property In Brooklyn
FINANCEDMixed-use

Equitas Capital Group Arranges $8.64M Refinance Loan For Mixed-Use Property In Brooklyn

415 Broadway, Brooklyn, New York 11211, United States

$8,640,000

$432/SF

Building Size

20,000 SF

Asset Type

Mixed-use

Closing

Mar 20, 2022

About this deal

AI

The mixed-use property located at 415 & 319 Broadway in Brooklyn has recently undergone a refinancing deal. The property spans approximately 20,000 square feet, offering a diverse range of commercial and residential spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Loan Amount: $8,640,000
  • Loan Type: Refinance
  • Loan Terms: 3.375% Rate, 65% LTV, Loan Term 10 years, Amortization 30 years

Elevating this transaction is the involvement of Alex Leykind from Equitas Capital Group, who served as the broker in this refinancing endeavor. Known for their commitment to delivering customized financing solutions, Equitas Capital Group works closely with clients to understand their specific needs, challenges, and perspectives. This approach enables them to view each loan through the lens of the individual client, maximizing the potential benefits for all parties involved.

For those seeking commercial real estate financing, Equitas Capital Group offers a relationship-driven approach that prioritizes client satisfaction. To learn more about how Equitas Capital Group can assist with financing your next commercial property, reach out to them at 646-637-7510 or [email protected].

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $432 per square foot on a published $8.6M for 20,000 square feet (2022).

Visit Alex Leykind to view all their deals.

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.84%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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