Jack Braha Of Apollo Acquisitions & Management Secures $10.5M Acquisition Loan For Brooklyn Office
FINANCED
$10,500,000
New York
See Similar DealsOffice24,300 SF
Financed 09/19/2024
FINANCED
Jack Braha Of Apollo Acquisitions & Management Secures $10.5M Acquisition Loan For Brooklyn Office
2004 Mcdonald Avenue
See Similar DealsOffice24,300 SF
Financed 09/19/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$432
Total Square Footage:24,300 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 2000-2004 McDonald Avenue in Brooklyn. This office asset encompasses a total square footage of 24,300 and has a loan amount of $10,500,000 for acquisition. The loan was facilitated through the SBA lender.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,500,000
- Address: 2000-2004 McDonald Avenue
- Market: Brooklyn
- Square Footage: 24,300
- Lender: SBA
- Broker: Jack Braha - Apollo Acquisitions & Management
- Loan Type: Acquisition
Key individuals involved in this deal include Jack Braha, who represented the broker agency Apollo Acquisitions & Management. This transaction underscores the active role of commercial brokers in facilitating significant property acquisitions within the market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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