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Mixed Use

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Brooklyn

Sound Point Capital Management Provides $24.3 Million Refinance For Brooklyn Mixed-use Property
FINANCEDMixed-use

Sound Point Capital Management Provides $24.3 Million Refinance For Brooklyn Mixed-use Property

$24,300,000

$347/SF

Building Size

69,875 SF

Asset Type

Mixed-use

Closing

Nov 6, 2025

AI

The asset involved in this transaction is a mixed-use property located in Brooklyn, comprising a total square footage of 69,875 and consisting of 49 units. The transaction was completed with a refinance loan amount of $24,300,000.

Summary of transaction details:

This transaction involved the representation of the interests of the involved parties by broker Max Ralby from Newmark, who facilitated the refinancing process for the property in Brooklyn without repeating the details of the loan or property specifications presented earlier.

Players

Max Ralby

Newmark

Broker

$3.9B

vol

77 deals

Broker
Newmark
NewmarkBrokerage
Sound Point Capital Management
Sound Point Capital ManagementLender

Market 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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93