Aaron Lebovits Secures $12 Million Refinance From TD Bank For Office In Midwood, Brooklyn
858 East 29th Street
$12,000,000
$376/SF
Building Size
31,875 SF
Asset Type
Office
Closing
Sep 25, 2026
About this deal
AI
The transaction involves an office asset located at 858 East 29th Street in Midwood, Brooklyn. The property covers a total area of 31,875 square feet and has secured a refinancing loan amounting to $12 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,000,000
- Address: 858 East 29th Street
- Market: Midwood, Brooklyn
- Lender: TD Bank
- Landlord: Aaron Lebovits
- Loan Type: Refinance
Aaron Lebovits, through Nesie Acquisition Co., LLC, is the landlord associated with this refinancing transaction. The involvement of TD Bank as the lender highlights the financial backing for the property, facilitating the refinancing process for the office building.
On the Map
$12,000,000
$376/SF
Office
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Bonifay Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93