JPMorgan Chase Refinances Mixed-Use Property At 950 Kings Highway In Homecrest For $11.2M
950 Kings Highway, Brooklyn, NY, USA
$11,175,000
$298/SF
Building Size
37,400 SF
Asset Type
Mixed-use
Closing
Aug 30, 2021
About this deal
AI
The mixed-use property located at 950 Kings Highway in the Homecrest market has undergone a refinancing transaction. The property spans a total of 37,400 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,175,000
- Lender: JPMorgan Chase
- Landlord: Jenel Management
- Loan Type: Refinance
In this transaction, JPMorgan Chase acted as the lender, providing a refinancing loan amount of $11,175,000. The landlord, Jenel Management, likely sought to optimize their financing by refinancing the property.
The mixed use loan at 950 Kings Highway, Brooklyn, NY, USA in New York, New York financed for $11.2M in 2021. The building is 37,400 square feet, implying about 298 per square foot on the published price. Named participants on the 950 Kings Highway, Brooklyn, NY, USA loan are Jenel. This page is the New York, New York file for the 950 Kings Highway, Brooklyn, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 950 Kings Highway, Brooklyn, NY, USA around 2021. Published consideration for 950 Kings Highway, Brooklyn, NY, USA is $11.2M, dated 2021. Cite this JPMorgan Chase Refinances Mixed-Use Property At 950 Kings Highway In Homecrest For $11.2M loan when underwriting similar mixed use product around New York, New York.
On the Map
$11,175,000
$298/SF
Mixed-use
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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
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93