FINANCEDOffice
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
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.
Players
CUNA Mutual GroupLender
New York 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93