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
About this deal
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.
On the Map
$70,000,000
$203/SF
Office
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Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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