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
$193,890,000
$3,891/SF
Building Size
49,830 SF
Asset Type
MultiFamily
Closing
Nov 24, 2020
AI
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
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93