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
About this deal
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:
- Property Type: Office
- Transaction Amount: $22,000,000
- Lender: Genesis Capital
- Landlord's Representative: Morris Betesh, Jack McPhail, Joseph Kean, Alex Ellman & Israel Mermelstein - Arrow Real Estate Advisors
- Date of Transaction: 6/9/2026
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.
On the Map
$22,000,000
Office
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93