Joe Fingerman Of A & E Real Estate Finance Provides $4.24M Loan For Brooklyn Mixed-Use Asset
431 Court Street & 433 Court Street
$4,237,500
$240/SF
Building Size
8,800 SF
Asset Type
Mixed-use
Closing
Nov 26, 2024
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 431 Court Street and 433 Court Street in Brooklyn. The total square footage of the property is 8,800. The transaction includes a loan amount of $4,237,500 for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,237,500
- Address: 431 Court Street & 433 Court Street
- Market: Brooklyn
- Lender: Joe Fingerman - A & E Real Estate Finance
- Brokers: Avi Weinstock & Daniel Neiss - Meridian Capital Group
- Loan Type: Acquisition
The deal features key individuals as part of the transaction, including Joe Fingerman, who represents A & E Real Estate Finance as the lender. The brokerage firm Meridian Capital Group is represented by brokers Avi Weinstock and Daniel Neiss in the transaction.
On the Map
$4,237,500
$240/SF
Mixed-use
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Players
Brooklyn 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
3.74%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93