Equitas Capital Group Provides $1.7M Acquisition Loan For Office In Brooklyn
37 West End Avenue, Brooklyn, New York 11235, United States
$1,700,000
$547/SF
Building Size
3,103 SF
Asset Type
Office
Closing
Feb 14, 2022
AI
The office property located at 37 West End Ave in Brooklyn was involved in a closed transaction. The property spans approximately 3,103 square feet, and the transaction took place on 02/15/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,700,000
- Address: 37 West End Ave
- Market: Brooklyn
- Loan Amount: $1,700,000
- Loan Type: Acquisition Loan
- Loan Terms: LTV: 95% financing, Term: 5+5, Amortization: 25 years, Prepay: Stepdown
The transaction was facilitated by the following brokers: Alex Leykind, Michael Tsyngauz, and Denis Abayev from Equitas Capital Group, and Arsen Atbashyan from Commercial Acquisitions.
Please note that Equitas Capital Group specializes in providing tailored solutions for commercial real estate financing needs. They prioritize building relationships with their clients and investing time and resources to understand their individual needs and challenges.
If you are looking to finance your next commercial property, you can reach out to Equitas Capital Group at 646-637-7510 or [email protected].
Players
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93