SOLDMixed-use
SL Green Realty Provides $58.5M Loan For Mixed-Use Property At 540 Waverly Avenue, Clinton Hill
540 Waverly Ave, Brooklyn, NY 11238, USA
Building Size
1,170,000 SF
Asset Type
Mixed-use
Closing
Jan 21, 2020
About this deal
AI
The mixed-use property located at 540 Waverly Avenue in Clinton Hill has been involved in a recent closed transaction. The property spans a total of 117,000 square feet and comprises 135 units. The transaction took place on January 22, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Address: 540 Waverly Avenue
- Market: Clinton Hill
- Loan Amount: $58,500,000
- Lender: SL Green Realty
- Landlord: The Daten Group
Andrew Matthias and Marc Holliday were involved in the transaction as representatives of their respective agencies.
Players
DG
Daten GroupLandlord
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93