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541-555 4th Street, Park Sl...

UBS Provides $64M Loan For Martin Nussbaum & David Schwartz's Mixed-Use Property On Fourth Avenue, Park Slope
FINANCEDMixed-use

UBS Provides $64M Loan For Martin Nussbaum & David Schwartz's Mixed-Use Property On Fourth Avenue, Park Slope

541-555 4th Street, Park Slope, Brooklyn, NY, USA

$64,000,000

$617/SF

Building Size

103,602 SF

Asset Type

Mixed-use

Closing

Jul 21, 2021

AI

Martin Nussbaum and David Schwartz have secured a loan for a mixed-use property located at 541-555 Fourth Avenue in Park Slope. The loan, obtained from ubs''>UBS, amounts to $64,000,000. The property features a combination of residential and commercial spaces.

Summary of transaction details

  • Property Type: Mixed use
  • Transaction Amount: $64,000,000
  • Address: 541-555 Fourth Avenue, Park Slope

The loan was facilitated by UBS, serving as the lender. The landlords of the property are Martin Nussbaum and David Schwartz, representing Slate Property Group in this deal.

Players

Martin Nussbaum

Slate Property Group

Broker

$2B

vol

28 deals

Broker
UBS
UBSLender
Martin Nussbaum

Martin Nussbaum

Slate Property Group

Landlord

$2B

vol

28 deals

Landlord

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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93