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37 West End Avenue, Brookly...

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

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

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

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