Equitas Capital Group Arranges $2.52M SBA Financing For Office Building In Sheepshead Bay, Brooklyn
3101 Emmons Avenue, Brooklyn, NY 11235, USA
$2,520,000
$504/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Sep 9, 2021
About this deal
AI
The office property located at 3101 Emmons Ave. in Sheepshead Bay, Brooklyn has been involved in a recent transaction. The property spans approximately 5,000 square feet and is situated in the Sheepshead Bay market in Brooklyn.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,520,000
- Loan Type: SBA Financing
- Loan Terms: 3.30% rate, 10 years fixed, 90% LTV
The loan for this property was facilitated by Alex Leykind from Equitas Capital Group. Equitas Capital Group specializes in finding tailor-made solutions for commercial real estate financing needs. They invest time and resources in understanding their clients' needs, challenges, and individual perspectives. With their market-leading technology and dedicated team of experts, Equitas Capital Group strives to find loans with the lowest rates and highest benefits in the quickest amount of time. To learn more about their services, interested parties can contact Equitas Capital Group at 646.637.7510.
New York 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
6.29%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93