Broadfield Provides $10.5M Bridge Loan For Package Deal In NYC
150 Lefferts Ave Brooklyn, NY 11225, USA
$10,500,000
$96/SF
Building Size
109,000 SF
Asset Type
MultiFamily
Closing
Jul 26, 2023
AI
The property asset involved in this transaction is a package deal located at 150 Lefferts Avenue and 55 East 21st Street in New York City. The package consists of a total of 109,000 square feet. The transaction took place between the landlord, Jonathan Bombart, and the lender, Broadfield, represented by Uanderson Benedetti.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $10,500,000
- Lender: Broadfield - Uanderson Benedetti
- Landlord: Jonathan Bombart
- Brokers: Joseph Hach, Max Goveia, and Peter Cohen - Refined
- Loan Type: Bridge
Joseph Hach, Max Goveia, and Peter Cohen, representing Refined, acted as brokers in this deal. The loan amount for this transaction was $10,500,000 and it was a bridge loan.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93