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431 Court Street

Joe Fingerman Of A & E Real Estate Finance Provides $4.24M Loan For Brooklyn Mixed-Use Asset
FINANCEDMixed-use

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

17,600 SF

Asset Type

Mixed-use

Closing

Nov 26, 2024

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.

Players

Daniel Neiss

Meridian Capital Group

Broker

$635.8M

vol

27 deals

Broker
A&E Real Estate
A&E Real EstateLender

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