MetLife Provides $92M Loan For Office & Retail Property At 180 Livingston St In Brooklyn
FINANCED
$92,000,000
New York
See Similar DealsOffice267,226 SF
Financed 11/19/2019
FINANCED
MetLife Provides $92M Loan For Office & Retail Property At 180 Livingston St In Brooklyn
180 Livingston St, Brooklyn, NY 11201, USA
See Similar DealsOffice267,226 SF
Financed 11/19/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$344
Total Square Footage:267,226 SF
Transaction Type:Loan
180 Livingston St, located in Brooklyn, was recently involved in a closed property transaction. The property is a combination of office and retail spaces, totaling 267,226 square feet. The deal was completed on November 19, 2019, with a loan amount of $92,000,000 provided by MetLife. The landlord of the property is Thor Equities. Dave Karson, Alex Hernandez, Alex Lapidus, and Emily Johansen from CushWake represented the brokers involved in the transaction.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $92,000,000
- SF: 267,226
- Date: 11/19/2019
- Address: 180 Livingston St
- Market: Brooklyn
Joe Sitt, Dave Karson, Alex Lapidus, and Emily Johansen were the key individuals involved in the transaction. Joe Sitt is the landlord of the property, representing Thor Equities. Dave Karson, Alex Hernandez, Alex Lapidus, and Emily Johansen from CushWake acted as the brokers in the deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$92,000,000.00
Monthly NOI$613,333.33
Monthly Debt Service$581,502.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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