Ponce Bank Provides $37.5 Million Refinance Loan To Guardian Realty For Brooklyn Office Asset
15 Parkville Avenue
$37,500,000
$416/SF
Building Size
89,992 SF
Asset Type
Office
Closing
Dec 3, 2025
About this deal
AI
The property asset involved in the transaction is located at 15 Parkville Avenue in Brooklyn. This office asset spans a total square footage of 89,992 and consists of 8 units. The loan amount secured for this property is $37,500,000 and it is classified as a refinance with a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,500,000
- Address: 15 Parkville Avenue
- Market: Brooklyn
- Asset Square Footage: 89,992
- Units: 8
- Lender: Ponce Bank
- Developer: Inc
- Loan Type: Refinance
- Loan Terms: 5 Year
The key individuals involved in the deal include Yanni Kouzilos and Douglas Romero. Ponce Bank provided the financing for this transaction, supporting new construction that aims to deliver high-quality commercial and office space for the Brooklyn community.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93