Equitas Capital Group Arranges $9.5M Acquisition Loan For Office Property In Coney Island
3044 Coney Island Avenue
$9,500,000
$236/SF
Building Size
40,102 SF
Asset Type
Office
Closing
Dec 20, 2021
About this deal
AI
Alex Leykind of Equitas Capital Group facilitated a loan transaction for an office property located at 3044 Coney Island Ave. in the Coney Island market. The loan amount for this acquisition was $9,500,000, with a 3.75% interest rate, a 10-year term, and a 70% loan-to-value ratio.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,500,000
- Address: 3044 Coney Island Ave.
- Market: Coney Island
- Loan Type: Acquisition
- Loan Terms: 3.75% rate, 10 years term, 70% LTV
Equitas Capital Group, led by Alex Leykind, specializes in offering customized financing solutions for commercial real estate needs. They prioritize building relationships with their clients and understand the unique needs and challenges they face. With a dedicated team of experts and advanced technology, Equitas Capital Group aims to provide the lowest rates and highest benefits in a timely manner.
If you want to learn more about finding the best loans for your commercial properties, you can reach out to Equitas Capital Group at tel:646.637.7510.
Brooklyn 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93