Stony Clove Capital Provides $1.5M Loan For Mixed-Use Property On 5th Avenue, Sunset Park
5825 5th Avenue, Sunset Park, Brooklyn, NY, USA
$1,500,000
$297/SF
Building Size
5,050 SF
Asset Type
Mixed-use
Closing
Jan 11, 2021
About this deal
AI
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.
On the Map
$1,500,000
$297/SF
Mixed-use
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Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93