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Lalezarian Properties Refinances Residential Elevator Building In Downtown Brooklyn
FINANCED
$94,865,000
New York
See Similar DealsMultiFamily235,382 SF
Financed 07/12/2023
FINANCED
Lalezarian Properties Refinances Residential Elevator Building In Downtown Brooklyn
309 Gold St Brooklyn, NY 11201, USA
See Similar DealsMultiFamily235,382 SF
Financed 07/12/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$403
Total Square Footage:235,382 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$94,865,000.00
Monthly NOI$632,433.33
Monthly Debt Service$599,611.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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