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Two Trees NY's Jed Walentas Acquires Multifamily Property In Fort Greene For $193.9M With Wells Fargo Loan

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FINANCED
$193,890,000

New York

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MultiFamily49,830 SF
Financed 11/25/2020
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FINANCED

Two Trees NY's Jed Walentas Acquires Multifamily Property In Fort Greene For $193.9M With Wells Fargo Loan

300 Ashland Place, Fort Greene, Brooklyn, NY, USA

See Similar Deals
MultiFamily49,830 SF
Financed 11/25/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,891
Total Square Footage:49,830 SF
Transaction Type:Loan

300 Ashland, located in the Fort Greene market, has been involved in a recent closed transaction. The multifamily property was part of a deal facilitated by Wells Fargo as the lender. The loan amount for this transaction was $193,890,000. The property consists of 379 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $193,890,000
  • Address: 300 Ashland
  • Market: Fort Greene

In this transaction, the landlord of 300 Ashland was Two TreesNY, represented by Jed Walentas. He played a significant role in the deal as the landlord's representative.

Players

Wells Fargo
Wells Fargo
LENDER

Details

FINANCED
IMAGE: Jed Walentas (@jwvalinna) DATE: 11/25/2020 ADDRESS: @300Ashland MARKET: Fort Greene ASSET TYPE: Multifamily LENDER: @WellsFargo LANDLORD: @TwoTreesNY - Jed Walentas LOAN AMOUNT: $193,890,000 UNITS: 379

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$193,890,000.00

Monthly NOI$1,292,600.00
Monthly Debt Service$1,225,516.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00