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Gowanus Cubes Refinances Multifamily Property In Coney Island & Gowanus For $35M

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FINANCED
$35,000,000

New York

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MultiFamily183,073 SF
Financed 06/23/2021
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FINANCED

Gowanus Cubes Refinances Multifamily Property In Coney Island & Gowanus For $35M

2885 West 15th Street, Brooklyn, New York 11224, United States

See Similar Deals
MultiFamily183,073 SF
Financed 06/23/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:183,073 SF
Transaction Type:Loan

The multifamily property located at 2885 West 15th Street and 126 4th Avenue in Coney Island & Gowanus has undergone a refinancing transaction. The property spans approximately 183,073 square feet and comprises 142 units. The loan for this transaction was provided by Igor Vaysberg of Hirshmark Capital, with a loan amount of $35,000,000. The landlord of the property is Gowanus Cubes.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $35,000,000
  • Address: 2885 West 15th Street & 126 4th Avenue
  • Market: Coney Island & Gowanus
  • Square Footage: 183,073
  • Units: 142

In this refinancing deal, Igor Vaysberg from Hirshmark Capital acted as the lender. The landlord, Gowanus Cubes, was involved in the transaction as well.

Players

LENDER

Details

FINANCED
IMAGE: Igor Vaysberg DATE: 06/23/2021 ADDRESS: 2885 West 15th Street & 126 4th Avenue MARKET: Coney Island & Gowanus ASSET TYPE: Multifamily ~ SF: 183,073 ~ UNITS: 142 LENDER: Igor Vaysberg - Hirshmark Capital LANDLORD: Gowanus Cubes LOAN AMOUNT: $35,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,000,000.00

Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00