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Equitas Capital Group Provides $1.7M Acquisition Loan For Office In Brooklyn

Property Image
FINANCED
$1,700,000
Denis Abayev
Alex Leykind
+ 1

New York

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Office3,103 SF
Financed 02/15/2022
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Property Image
FINANCED

Equitas Capital Group Provides $1.7M Acquisition Loan For Office In Brooklyn

37 West End Avenue, Brooklyn, New York 11235, United States

See Similar Deals
Office3,103 SF
Financed 02/15/2022
Denis Abayev
Alex Leykind
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$547
Total Square Footage:3,103 SF
Transaction Type:Loan

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

Arsen Atbashyan
51 deals$123.9M volume(917) 939-3760
BROKER

Denis Abayev
Commercial Acquisitions
22 deals$33.9M volume
BROKER

Alex Leykind
Equitas Capital Group
75 deals$478M volume
BROKER

Michael Tsyngauz
Arrow Real Estate Advisors
11 deals$81M volume(347) 820-1797
BROKER

Details

FINANCED
IMAGE: Alex Leykind, Michael Tsyngauz, Arsen Atbashyan & Denis Abayev DATE: 02/15/2022 ADDRESS: 37 West End Ave. MARKET: Brooklyn ASSET TYPE: Office ~ SF: 3,103 BROKERS: Alex Leykind (@AlexLeykind1), Michael Tsyngauz (@MichaelTsyngauz), Denis Abayev (@Denis_Abayev) - Equitas Capital Group (@EquitasCapitalGroup) & Arsen Atbashyan - Commercial Acquisitions (@CARealtyInc) LOAN AMOUNT: $1,700,000 LOAN TYPE: Acquisition Loan LOAN TERMS: LTV: 95% financing, Term: 5+5, Amortization: 25 years, Prepay: Stepdown NOTE FROM @EquitasCapitalGroup: Equitas Capital Group specializes in finding tailor-made solutions to your commercial real estate financing needs. As a relationship-driven firm, we invest time & resources in our clients, understanding their needs & challenges, & viewing each loan from their individual perspective. Please reach out to us & to learn how we can help you finance your next commercial property at 646-637-7510 or [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,700,000.00

Monthly NOI$11,333.33
Monthly Debt Service$10,745.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00