Blue Foundry Bank Provides $15M Refinance Loan For Mixed-Use Property On Myrtle Avenue In Brooklyn NY
FINANCED
$15,000,000
New York
See Similar DealsMixed-use72,487 SF
Financed 11/30/2022
FINANCED
Blue Foundry Bank Provides $15M Refinance Loan For Mixed-Use Property On Myrtle Avenue In Brooklyn NY
869 Myrtle Avenue
See Similar DealsMixed-use72,487 SF
Financed 11/30/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$206
Total Square Footage:72,487 SF
Transaction Type:Loan
A mixed-use property located at 869 Myrtle Avenue in Brooklyn, NY has undergone a loan transaction.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $15,000,000
The landlord for this property is Signature Acquisitions, and the lender involved in the loan transaction is Blue Foundry Bank. The loan was facilitated by Chaim Greenfeld of Eastern Union Funding.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions