Skybrook Capital Provides $22.65M Loan For Mixed-Use Property On Manhattan Avenue, Greenpoint
419 Manhattan Avenue, Brooklyn, NY, USA
$22,650,000
$6,863/SF
Building Size
3,300 SF
Asset Type
Mixed-use
Closing
Jun 22, 2021
About this deal
AI
The mixed-use property located at 419 Manhattan Avenue in Greenpoint has been involved in a recent loan transaction. The loan amount for this transaction was $22,650,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $22,650,000
- Lender: Skybrook Capital
- Landlord: Hubert Nowakowski
- Address: 419 Manhattan Avenue
- Market: Greenpoint
Skybrook Capital provided the loan for this transaction. Hubert Nowakowski is the landlord of the property.
The mixed use loan at 419 Manhattan Avenue, Brooklyn, NY, USA in New York, New York financed for $22.7M in 2021. The building is 3,300 square feet, implying about 6.9K per square foot on the published price. Named participants on the 419 Manhattan Avenue, Brooklyn, NY, USA loan are Hubert Nowakowski. This page is the New York, New York file for the 419 Manhattan Avenue, 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 419 Manhattan Avenue, Brooklyn, NY, USA around 2021. Published consideration for 419 Manhattan Avenue, Brooklyn, NY, USA is $22.7M, dated 2021. Cite this Skybrook Capital Provides $22.65M Loan For Mixed-Use Property On Manhattan Avenue, Greenpoint 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93