Updated Oct 29, 2024
Trinity Place Holdings Secures $52.4M Loan For Multifamily Property In Gowanus
237 11th St, Brooklyn, NY 11215, USA
$52,438,750
$56/SF
Building Size
927,610 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
About this deal
AI
The multifamily property located at 237 11th Street in Gowanus has recently undergone a closed transaction. The property consists of 105 units and spans an area of 92,761 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $52,438,750
The lender involved in this transaction is the Canadian Imperial Bank of Commerce. The landlord of the property is Trinity Place Holdings, represented by Matthew Messinger.
The multifamily loan at 237 11th St, Brooklyn, NY 11215, USA in Brooklyn, New York financed for $52.4M in 2020. Reported inventory is 927,610 square feet across 105 units, or about 56 per square foot. Named participants on the 237 11th St, Brooklyn, NY 11215, USA loan are Matthew Messinger. This page is the Brooklyn, New York file for the 237 11th St, Brooklyn, NY 11215, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn multifamily set by closing date to see what else financed near 237 11th St, Brooklyn, NY 11215, USA around 2020. Published consideration for 237 11th St, Brooklyn, NY 11215, USA is $52.4M, dated 2020. Cite this Trinity Place Holdings Secures $52.4M Loan For Multifamily Property In Gowanus loan when underwriting similar multifamily product around Brooklyn, New York.
On the Map
$52,438,750
$56/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93