Marcia Kaufman Provides $2.5M Loan For Mixed-Use Property At 450 Atlantic Avenue, Boerum Hill, Brooklyn
450 Atlantic Ave, Brooklyn, NY 11217, USA
$2,500,000
$557/SF
Building Size
4,488 SF
Asset Type
Mixed-use
Closing
Mar 3, 2021
AI
A mixed-use property located at 450 Atlantic Avenue in Boerum Hill, Brooklyn has recently undergone a closed transaction. The property, featuring a combination of commercial and residential units, was involved in a loan deal.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $2,500,000
- Date: 03/04/2021
- Address: 450 Atlantic Avenue
- Market: Boerum Hill, Brooklyn
The loan for this transaction was provided by Marcia Kaufman of Bayport Funding. Marcia Kaufman acted as the lender in this deal.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93