UBS Provides $64M Loan For Martin Nussbaum & David Schwartz's Mixed-Use Property On Fourth Avenue, Park Slope
FINANCED
$64,000,000
New York
See Similar DealsMixed-use103,602 SF
Financed 07/22/2021
FINANCED
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
See Similar DealsMixed-use103,602 SF
Financed 07/22/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$617
Total Square Footage:103,602 SF
Transaction Type:Loan
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
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$64,000,000.00
Monthly NOI$426,666.67
Monthly Debt Service$404,523.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions