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1000 Dean Street

Genesis Capital Provides $22,000,000 Refinance Loan For Office Asset At 1000 Dean Street In Brooklyn
FINANCEDOffice

Genesis Capital Provides $22,000,000 Refinance Loan For Office Asset At 1000 Dean Street In Brooklyn

1000 Dean Street

$22,000,000

Building Size

Asset Type

Office

Closing

Jun 8, 2026

AI

The property asset involved in this transaction is located at 1000 Dean Street in Brooklyn. This asset type is categorized as an office, and the transaction involves a loan amount of $22,000,000 designated for refinance purposes.

Summary of transaction details:

Key individuals involved in this transaction include Morris Betesh, Jack McPhail, Joseph Kean, Alex Ellman, and Israel Mermelstein, all representing the landlord through Arrow Real Estate Advisors. Their involvement highlights the representation aspects associated with this financial deal.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$13.2B

vol

227 deals

Broker
Genesis Capital
Genesis CapitalLender

Brooklyn Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93