Marcia Kaufman Provides $2.5M Loan For Mixed-Use Property At 450 Atlantic Avenue, Boerum Hill, Brooklyn
FINANCED
$2,500,000
New York
See Similar DealsMixed-use4,488 SF
Financed 03/04/2021
FINANCED
Marcia Kaufman Provides $2.5M Loan For Mixed-Use Property At 450 Atlantic Avenue, Boerum Hill, Brooklyn
450 Atlantic Ave, Brooklyn, NY 11217, USA
See Similar DealsMixed-use4,488 SF
Financed 03/04/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$557
Total Square Footage:4,488 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,500,000.00
Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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