facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Loan

/

141 Willoughby Street

Capstone Equities Secures $70 Million Acquisition Loan From Corebridge Financial For 141 Willoughby Street
FINANCEDOffice

Capstone Equities Secures $70 Million Acquisition Loan From Corebridge Financial For 141 Willoughby Street

141 Willoughby Street

$70,000,000

$203/SF

Building Size

343,701 SF

Asset Type

Office

Closing

Jul 25, 2025

AI

141 Willoughby Street is an office asset located in Downtown Brooklyn, comprising 343,701 square feet. The property was involved in a loan transaction amounting to $70,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $70,000,000
  • Lender: Kevin Hogan - Corebridge Financial
  • Landlord: Joshua Zamir - Capstone Equities
  • Loan Type: Acquisition
  • Market: Downtown Brooklyn

Capstone Equities and BH3 Management secured a $70 million acquisition loan from Corebridge Financial, indicating a strategic move in enhancing their portfolio in the Downtown Brooklyn area.

Players

Corebridge Financial
Corebridge FinancialLender
Capstone Equities
Capstone EquitiesLandlord

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

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93