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3044 Coney Island Avenue

Updated Dec 4, 2024

Equitas Capital Group Arranges $9.5M Acquisition Loan For Office Property In Coney Island
FINANCEDOffice

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.

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

Brooklyn Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $236 per square foot on a published $9.5M for 40,102 square feet (2021).

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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

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