Renaissance Realty Group Refinances Office Building At 1034 Flatbush Avenue For $5.4 Million
1034 Flatbush Avenue
$5,400,000
$300/SF
Building Size
17,987 SF
Asset Type
Office
Closing
Sep 17, 2026
About this deal
AI
An office building located at 1034 Flatbush Avenue in Flatbush, Brooklyn, encompasses 17,987 square feet. The property has undergone refinancing with a loan amounting to $5,400,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,400,000
- Lender: Peapack Private Bank & Trust
- Landlord: Marc Chemtob - Renaissance Realty Group
- Loan Type: Refinance
- Market: Flatbush, Brooklyn
The refinancing transaction was conducted by Renaissance Realty Group, representing the interests of landlord Marc Chemtob in securing favorable loan terms from Peapack Private Bank & Trust for the office property.
On the Map
$5,400,000
$300/SF
Office
View full map
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93