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Joseph Tabak & Ran Eliasaf Acquire Mixed Use Property In Brooklyn's Bedford Stuy For $11M With TNW Capital Loan

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FINANCED
$11,000,000

New York

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Mixed-use33,288 SF
Financed 06/27/2019
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Property Image
FINANCED

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

See Similar Deals
Mixed-use33,288 SF
Financed 06/27/2019
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$330
Total Square Footage:33,288 SF
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Joseph Tabak & Ran Eliasaf DATE:06/27/2019 ADDRESS: 601-619 Throop Avenue MARKET: Brooklyn, Bedford Stuy ASSET TYPE: Mixed Use LENDER: TNW Capital LANDLORD: Travis Stabler (Rivington Company) LOAN AMOUNT: $11,000,000 TYPE: Acquisition loan SF: 33,288

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,000,000.00

Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00