CitiBank Provides $100M Loan For Clipper Equity's 216,000 SF Office Building In Brooklyn
FINANCED
$100,000,000
New York
See Similar DealsOffice216,000 SF
Financed 02/22/2021
FINANCED
CitiBank Provides $100M Loan For Clipper Equity's 216,000 SF Office Building In Brooklyn
141 Livingston Street, Brooklyn, NY, USA
See Similar DealsOffice216,000 SF
Financed 02/22/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$463
Total Square Footage:216,000 SF
Transaction Type:Loan
141 Livingston Street, an office property located in Brooklyn, was involved in a recent closed transaction. The property spans a total area of 216,000 square feet. The deal took place on February 22, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $100,000,000
- Market: Brooklyn
- Lender: citibank''>CitiBank
- Landlord: Clipper Equity - David Bistricer
- Broker: Ironhound Management - Christopher Herron
The lender for this transaction was CitiBank. Clipper Equity, led by David Bistricer, served as the landlord for the property. Ironhound Management, represented by Christopher Herron, acted as the broker in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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