Updated Dec 4, 2024
JLL Real Estate Capital Provides $52.4M Loan For Multifamily Property In Park Slope
535 4th Avenue, Park Slope, Brooklyn, NY, USA
$52,408,000
$449/SF
Building Size
116,604 SF
Asset Type
MultiFamily
Closing
Jan 11, 2021
About this deal
AI
The multifamily property located at 535 4th Avenue in Park Slope has been involved in a recent loan transaction. The loan was provided by JLL Real Estate Capital to the landlord, Slate Property Group. The loan amount was $52,408,000, and the property consists of 148 units.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $52,408,000
- Address: 535 4th Avenue, Park Slope
- Market: Park Slope
- Landlord: Slate Property Group
- Lender: JLL Real Estate Capital
- Units: 148
The loan transaction involving the property at 535 4th Avenue was facilitated by JLL Real Estate Capital, providing financial support to the landlord, Slate Property Group. David Schwartz and Martin Nussbaum may have been involved in the deal as representatives of the property.
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93