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551 Gates Avenue

TD Bank Provides $1.45M Refinance Loan For Mixed-use Property At 551 Gates Ave, Brooklyn With GD Capital As The Landlord. Brad Domenico & Frank Stanislaski Of Progress Capital Serve As Brokers
FINANCEDMixed-use

TD Bank Provides $1.45M Refinance Loan For Mixed-use Property At 551 Gates Ave, Brooklyn With GD Capital As The Landlord. Brad Domenico & Frank Stanislaski Of Progress Capital Serve As Brokers

551 Gates Avenue

$1,450,000

Building Size

Asset Type

Mixed-use

Closing

Mar 29, 2022

AI

The mixed-use property located at 551 Gates Avenue in Brooklyn has undergone a refinancing transaction. The property consists of 5 units and is owned by GD Capital, represented by Mark Guindi. The deal was facilitated by Brad Domenico and Frank Stanislaski from Progress Capital, who acted as brokers in the transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,450,000
  • Address: 551 Gates Avenue, Brooklyn
  • Market: Brooklyn
  • Units: 5

The lender involved in the refinancing deal is TD Bank. Mark Guindi, from GD Capital, served as the landlord. Brad Domenico and Frank Stanislaski, representing Progress Capital, worked as brokers in the transaction.

Players

Brad Domenico

Cushman & Wakefield

Broker

$3.7B

vol

135 deals

Broker
TD Bank
TD BankLender
Mark Guindi

Mark Guindi

GD Capital

Landlord

$39.9M

vol

14 deals

Landlord

Brooklyn 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93