NewYork-Presbyterian Hospital Refinances Office & Specialty Property In Brooklyn For $34.5M
1845 Mcdonald Avenue, Brooklyn, New York 11223, United States
$34,500,000
$766,666/SF
Building Size
45 SF
Asset Type
Office
Closing
Jan 12, 2022
About this deal
AI
The closed property transaction involved three properties located at 1845 McDonald Avenue, 2372 Linden Boulevard, and 66-20 Queens Boulevard in Brooklyn. The combined square footage of these office and specialty buildings is 45,300 square feet.
Summary of transaction details
- Property Type: Office & Specialty
- Transaction Amount: $34,500,000
- Market: Brooklyn
NewYork-Presbyterian Hospital, represented by Michael P. Breslin, provided the loan amount of $34,500,000 for the refinancing of these properties. The landlord, Rogosin Institute, was represented by David Wyman.
The office loan at 1845 Mcdonald Avenue, Brooklyn, New York 11223, United States in Brooklyn, New York financed for $34.5M in 2022. The building is 45 square feet, implying about 766.7K per square foot on the published price. This page is the Brooklyn, New York file for the 1845 Mcdonald Avenue, Brooklyn, New York 11223, United States office financed: pricing, party profiles, and other closed office comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn office set by closing date to see what else financed near 1845 Mcdonald Avenue, Brooklyn, New York 11223, United States around 2022. Published consideration for 1845 Mcdonald Avenue, Brooklyn, New York 11223, United States is $34.5M, dated 2022. Cite this NewYork-Presbyterian Hospital Refinances Office & Specialty Property In Brooklyn For $34.5M loan when underwriting similar office product around Brooklyn, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93