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150 Lefferts Ave Brooklyn, ...

Broadfield Provides $10.5M Bridge Loan For Package Deal In NYC
FINANCEDMultiFamily

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

Joseph Hach

Refined

Broker

$149.4M

vol

24 deals

Broker
Broadfield Realty Capital
Broadfield Realty CapitalLender

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