Pine River Provides $15.2M Loan For 65,000 SF Office Space At 1519 Decatur Street In Ridgewood, Queens. Broker: Jonathan More
1519 Decatur St, Ridgewood, NY 11385, USA
$15,200,000
$233/SF
Building Size
65,000 SF
Asset Type
Office
Closing
Jun 20, 2019
About this deal
AI
Pine River has provided a loan in the amount of $15,200,000 for an office asset located at 1519 Decatur Street in Queens, Ridgewood. The property spans a total area of 65,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,200,000
- Address: 1519 Decatur Street, Queens, Ridgewood
- Market: Queens, Ridgewood
The landlord of the office asset is Horning Capital Partners and Brickman Fund. Jonathan More, representing the broker, played a crucial role in the transaction.
The office loan at 1519 Decatur St, Ridgewood, NY 11385, USA in New York, New York financed for $15.2M in 2019. The building is 65,000 square feet, implying about 233 per square foot on the published price. Jonathan More, Mission Capital appear on the loan alongside Mission Capital. This page is the New York, New York file for the 1519 Decatur St, Ridgewood, NY 11385, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 1519 Decatur St, Ridgewood, NY 11385, USA around 2019. Published consideration for 1519 Decatur St, Ridgewood, NY 11385, USA is $15.2M, dated 2019. Cite this Pine River Provides $15.2M Loan For 65,000 SF Office Space At 1519 Decatur Street In Ridgewood, Queens. Broker: Jonathan More loan when underwriting similar office product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93