CUNA Mutual Group Provides $25M Loan For Office Building Acquisition At 186 Joralemon St, Brooklyn Heights
186 Joralemon St, Brooklyn, NY 11201, USA
$25,000,000
$312/SF
Building Size
79,900 SF
Asset Type
Office
Closing
Apr 29, 2020
About this deal
AI
The office property located at 186 Joralemon St in Brooklyn Heights was involved in a closed transaction. The property spans a total of 79,900 square feet and is situated in the Brooklyn Heights market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Lender: CUNA Mutual Group
- Landlord: Larry A. Wohl
The lender for this transaction was CUNA Mutual Group, while the landlord involved in the deal was Larry A. Wohl.
The office loan at 186 Joralemon St, Brooklyn, NY 11201, USA in New York, New York financed for $25M in 2020. The building is 79,900 square feet, implying about 312 per square foot on the published price. This page is the New York, New York file for the 186 Joralemon St, Brooklyn, NY 11201, 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 186 Joralemon St, Brooklyn, NY 11201, USA around 2020. Published consideration for 186 Joralemon St, Brooklyn, NY 11201, USA is $25M, dated 2020. Cite this CUNA Mutual Group Provides $25M Loan For Office Building Acquisition At 186 Joralemon St, Brooklyn Heights loan when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93