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
About this deal
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.
The mixed use loan at 450 Atlantic Ave, Brooklyn, NY 11217, USA in New York, New York financed for $2.5M in 2021. The building is 4,488 square feet, implying about 557 per square foot on the published price. Named participants on the 450 Atlantic Ave, Brooklyn, NY 11217, USA loan are Marcia Kaufman. This page is the New York, New York file for the 450 Atlantic Ave, Brooklyn, NY 11217, 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 450 Atlantic Ave, Brooklyn, NY 11217, USA around 2021. Published consideration for 450 Atlantic Ave, Brooklyn, NY 11217, USA is $2.5M, dated 2021. Cite this Marcia Kaufman Provides $2.5M Loan For Mixed-Use Property At 450 Atlantic Avenue, Boerum Hill, Brooklyn 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93