Invesco Provides $45M Loan For Crown Heights Office Building On Dean St
FINANCED
$45,000,000
+ 4
New York
See Similar DealsOffice150,000 SF
Financed 11/06/2019
FINANCED
Invesco Provides $45M Loan For Crown Heights Office Building On Dean St
1000 Dean Street
See Similar DealsOffice150,000 SF
Financed 11/06/2019
+ 4
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$300
Total Square Footage:150,000 SF
Transaction Type:Loan
1000 Dean Street is a four-story, 150,769 rentable square foot creative office and lifestyle-oriented retail building located in Brooklyn's Crown Heights neighborhood, just south of Atlantic Avenue. The property is situated in a prime location in the vibrant borough of Brooklyn.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 1000 Dean Street
- Market: Brooklyn, Crown Heights
Invesco provided a loan of $45,000,000 for the acquisition of 1000 Dean Street. The loan terms are undisclosed. The transaction involved Livwrk & Meadow Partners as the landlords. The brokerage firm JLL Capital Markets represented the parties involved in the deal.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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