Signature Bank Refinances Office Building At 205 Montague Street In Brooklyn Heights For $45M
205 Montague Street, Brooklyn, New York 11201, United States
$45,000,000
$591/SF
Building Size
76,041 SF
Asset Type
Office
Closing
Aug 2, 2022
About this deal
AI
The office building located at 205 Montague Street in Brooklyn Heights, Brooklyn has recently undergone a refinancing transaction. The property, spanning approximately 76,041 square feet, was involved in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Loan Type: Refinance
Signature Bank, represented by Kenneth Stagnari, provided the loan amount of $45,000,000 for the refinancing. The landlord of the property, Midtown Equities, was involved in the transaction, with Joseph Cayre as their representative.
The office loan at 205 Montague Street, Brooklyn, New York 11201, United States in New York, New York financed for $45M in 2022. The building is 76,041 square feet, implying about 591 per square foot on the published price. This page is the New York, New York file for the 205 Montague Street, Brooklyn, New York 11201, United States 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 205 Montague Street, Brooklyn, New York 11201, United States around 2022. Published consideration for 205 Montague Street, Brooklyn, New York 11201, United States is $45M, dated 2022. Cite this Signature Bank Refinances Office Building At 205 Montague Street In Brooklyn Heights For $45M 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93