facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

300 Ashland Place, Fort Gre...

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

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

Wells Fargo
Wells FargoLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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