Signature Bank Refinances Office Building At 205 Montague Street In Brooklyn Heights For $45M
FINANCED
$45,000,000
New York
See Similar DealsOffice76,041 SF
Financed 08/03/2022
FINANCED
Signature Bank Refinances Office Building At 205 Montague Street In Brooklyn Heights For $45M
205 Montague Street, Brooklyn, New York 11201, United States
See Similar DealsOffice76,041 SF
Financed 08/03/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$591
Total Square Footage:76,041 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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