Jenel Real Estate Refinances The Haier Building In Midtown Manhattan For $23.8M
1356-1362 Broadway & 1362 Broadway
$23,800,000
Building Size
—
Asset Type
Office
Closing
Jan 2, 2024
AI
The Haier Building, also known as Gotham Hall, is a landmarked office building located at 1356-1362 Broadway in Bedford-Stuyvesant, Brooklyn. The property has been refinanced for $23,800,000 by Bank of America on behalf of Jenel Real Estate, the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,800,000
- Lender: Bank of America
- Landlord: Joseph Dushey - Jenel Real Estate
- Address: 1356-1362 Broadway
- Market: Bedford-Stuyvesant, Brooklyn
Jenel Real Estate, a New York City-based company, successfully secured the $23.8 million refinancing deal for The Haier Building with Bank of America. Joseph Dushey, representing Jenel Real Estate, played a key role in finalizing the transaction for this iconic office building in Midtown Manhattan.
Players
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93