Equitas Capital Group Secures $7.35M Loan For Office Building At 50 Brighton 11th Street, Brighton Beach
50 Brighton 11th Street, Brooklyn, NY 11235, USA
$7,350,000
$1,225/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Apr 28, 2021
About this deal
AI
An office property located at 50 Brighton 11th Street in Brighton Beach was recently involved in a closed transaction. The transaction took place on April 29, 2021. The property is situated in the Brighton Beach market.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 04/29/2021
- Address: 50 Brighton 11th Street
- Market: Brighton Beach
The loan amount for this transaction was $7,350,000. The loan terms include a rate of 4.25% and an 18-month term with interest-only amortization. The loan does not have a prepayment penalty.
The broker representing the deal was Alex Leykind from Equitas Capital Group. Equitas Capital Group is known for its commitment to delivering high-level service, integrity, and creativity in the industry. They advocate on behalf of their clients and represented lenders with a focus on excellence.
If you are interested in financing or refinancing your next commercial property or development, you can reach out to 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93