Joseph Tabak & Ran Eliasaf Acquire Mixed Use Property In Brooklyn's Bedford Stuy For $11M With TNW Capital Loan
601 Throop Ave, Brooklyn, NY 11216, USA
$11,000,000
$330/SF
Building Size
33,288 SF
Asset Type
Mixed-use
Closing
Jun 26, 2019
AI
The mixed-use property located at 601-619 Throop Avenue in Brooklyn, Bedford Stuy, was recently involved in a closed transaction. The property spans across 33,288 square feet and was the subject of an acquisition loan valued at $11,000,000. Joseph Tabak and Ran Eliasaf were the individuals involved in the deal, representing their interests. The lender for this transaction was TNW Capital. Travis Stabler from Rivington Company acted as the landlord.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $11,000,000
- Address: 601-619 Throop Avenue
- Market: Brooklyn, Bedford Stuy
- Loan Amount: $11,000,000
- Size: 33,288 SF
- Lender: TNW Capital
- Landlord: Travis Stabler (Rivington Company)
In this transaction, Joseph Tabak and Ran Eliasaf represented their respective interests. They acted as the buyer or tenant's representatives. It is notable that the property is a mixed-use asset, offering versatile usage options. The involvement of TNW Capital as the lender highlights their confidence in this deal. Travis Stabler, representing Rivington Company, served as the landlord in this transaction.
Players
New York 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93