Trinity Place Holdings Secures $52.4M Loan For Multifamily Property In Gowanus
FINANCED
$52,438,750
New York
See Similar DealsMultiFamily927,610 SF
Financed 06/09/2020
FINANCED
Trinity Place Holdings Secures $52.4M Loan For Multifamily Property In Gowanus
237 11th St, Brooklyn, NY 11215, USA
See Similar DealsMultiFamily927,610 SF
Financed 06/09/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$56
Total Square Footage:927,610 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,438,750.00
Monthly NOI$349,591.67
Monthly Debt Service$331,448.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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