JEMB Realty Secures $125M Loan From Deutsche Bank For 1 Willoughby Square In Brooklyn
1 Willoughby Street
$125,000,000
$250/SF
Building Size
500,000 SF
Asset Type
Office
Closing
Jan 29, 2026
AI
The asset involved in this transaction is an office property located at 1 Willoughby Street in Brooklyn, with a total square footage of 500,000. The loan amount secured for this property is $125,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125,000,000
- Address: 1 Willoughby Street
- Market: Brooklyn
- Lender: Deutsche Bank
- Landlord: JEMB Realty
JEMB Realty is relaunching the property, 1 Willoughby Square, in partnership with AVRS Partners and KSR Capital. The refinancing is facilitated through Deutsche Bank.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93