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81 Beaver Street, Brooklyn,...

G4 Capital Partners Provides $10M Loan For Office Property At 81 Beaver Street In Brooklyn
FINANCEDMixed-use

G4 Capital Partners Provides $10M Loan For Office Property At 81 Beaver Street In Brooklyn

81 Beaver Street, Brooklyn, NY, USA

$10,000,000

$232/SF

Building Size

43,000 SF

Asset Type

Mixed-use

Closing

Dec 20, 2020

AI

An office property located at 81 Beaver Street in Brooklyn was involved in a closed transaction. The loan for the property was provided by G4 Capital Partners, with Jason Behfarin, Robyn Sorid, and Robert Palumbo as the lenders. The loan amount was $10,000,000. The landlord of the property is Rivington Company, represented by Travis Stabler, and Macarthur Holdings, represented by David Katz. The broker for the transaction was Jonathan More from Mission Capital.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $10,000,000

The individuals and companies involved in this deal include G4 Capital Partners, Rivington Company, Macarthur Holdings, and Mission Capital. Jason Behfarin, Robyn Sorid, and Robert Palumbo represented G4 Capital Partners as lenders. Travis Stabler represented Rivington Company, and David Katz represented Macarthur Holdings. Jonathan More from Mission Capital served as the broker for the transaction.

Players

Jonathan More

Mayfair Investment Partners

Broker

$259.3M

vol

9 deals

Broker
G4 Capital Partners
G4 Capital PartnersLender

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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93