Joe Fingerman Of A & E Real Estate Finance Provides $4.24M Loan For Brooklyn Mixed-Use Asset
FINANCED
$4,237,500
New York
See Similar DealsMixed-use17,600 SF
Financed
FINANCED
Joe Fingerman Of A & E Real Estate Finance Provides $4.24M Loan For Brooklyn Mixed-Use Asset
431 Court Street
See Similar DealsMixed-use17,600 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$240
Total Square Footage:17600 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,237,500.00
Monthly NOI$28,250.00
Monthly Debt Service$26,783.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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