JLL Represents Dr. Robert Li In $17.7M Acquisition Loan For Mixed-Use Property On Driggs Ave
FINANCED
$14,000,000
+ 3
New York
See Similar DealsMixed-use18,887 SF
Financed 06/25/2019
FINANCED
JLL Represents Dr. Robert Li In $17.7M Acquisition Loan For Mixed-Use Property On Driggs Ave
272 Metropolitan Ave, Brooklyn, Ny 11211, Usa
See Similar DealsMixed-use18,887 SF
Financed 06/25/2019
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$741
Total Square Footage:18,887 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 658 Driggs Ave. in the Williamsburg neighborhood of Brooklyn. It spans a total square footage of 18,980 and is associated with a loan amount of $17,700,000, designated for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,700,000
- Address: 658 Driggs Ave.
- Market: Williamsburg, Brooklyn
- Landlord: Dr. Robert Li
- Brokers: Ethan Stanton, Marko Kazanjian, Andrew Cohen, Matt Fagella & Max Herzog - JLL
The transaction was facilitated by a team of brokers from JLL, including Ethan Stanton, Marko Kazanjian, Andrew Cohen, Matt Fagella, and Max Herzog, representing the landlord Dr. Robert Li in this acquisition deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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