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
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