Stony Clove Capital Provides $1.5M Loan For Mixed-Use Property On 5th Avenue, Sunset Park
FINANCED
$1,500,000
New York
See Similar DealsMixed-use5,050 SF
Financed 01/12/2021
FINANCED
Stony Clove Capital Provides $1.5M Loan For Mixed-Use Property On 5th Avenue, Sunset Park
5825 5th Avenue, Sunset Park, Brooklyn, NY, USA
See Similar DealsMixed-use5,050 SF
Financed 01/12/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$297
Total Square Footage:5,050 SF
Transaction Type:Loan
A mixed-use property located at 5825 5th Avenue in Sunset Park has recently closed in a transaction. The property features a combination of residential and commercial spaces, making it a versatile asset for businesses and residents in the area. The closing date of the transaction was on January 12, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 5825 5th Avenue, Sunset Park
- Market: Sunset Park
The loan for this transaction was provided by Stony Clove Capital, a reputable lender known for their expertise in real estate financing. The loan amount was $1,500,000, enabling the successful completion of the transaction. The broker who represented the parties involved in the deal was Romain Sinclair from the brokerage firm Greysteel.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,500,000.00
Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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