Lalezarian Properties Refinances Residential Elevator Building In Downtown Brooklyn
309 Gold St Brooklyn, NY 11201, USA
$94,865,000
$403/SF
Building Size
235,382 SF
Asset Type
MultiFamily
Closing
Jul 12, 2023
AI
Lalezarian Properties has secured a refinancing loan valued at $94.9 million from JPMorgan Chase for a residential elevator building located at 309 Gold Street in Downtown Brooklyn. The property is a multifamily building with a total square footage of 235,382.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $94,865,000
- Address: 309 Gold Street, Brooklyn
- Market: Brooklyn
- Lender: JPMorgan Chase
- Landlord: Lalezarian Properties - Kevin Lalezarian
- Loan Type: Refinance
Lalezarian Properties, represented by Brooklyn Princess LLC, successfully secured the refinancing loan from JPMorgan Chase. This loan will provide financial stability for the residential elevator building located at 309 Gold Street in Downtown Brooklyn.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93