Two Trees Management Secures $59.5M Loan For Mixed-Use Property At 60 Water Street In Dumbo
FINANCED
$59,500,000
New York
See Similar DealsMixed-use354,237 SF
Financed 08/06/2020
FINANCED
Two Trees Management Secures $59.5M Loan For Mixed-Use Property At 60 Water Street In Dumbo
60 Water St, Brooklyn, NY 11201, USA
See Similar DealsMixed-use354,237 SF
Financed 08/06/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$168
Total Square Footage:354,237 SF
Transaction Type:Loan
The mixed-use property located at 60 Water Street in Dumbo has been involved in a closed transaction. The property spans across 354,237 square feet and is situated in a prime location in the market. The transaction details include a loan amount of $59,500,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $59,500,000
- Address: 60 Water Street
- Market: Dumbo
Wells Fargo served as the lender in this transaction, providing financial support for the acquisition of the property. Two Trees Management acted as the landlord in the deal, overseeing the transaction process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$59,500,000.00
Monthly NOI$396,666.67
Monthly Debt Service$376,080.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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