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9201 4th Avenue

Updated Dec 4, 2024

Bilt advertisement
Broadfield Realty Capital Provides $15.7 Million Bridge Loan For Office Asset In Brooklyn
FINANCEDOffice

Broadfield Realty Capital Provides $15.7 Million Bridge Loan For Office Asset In Brooklyn

9201 4th Avenue

$15,700,000

$196/SF

Building Size

80,000 SF

Asset Type

Office

Closing

Mar 29, 2024

About this deal

AI

The asset involved in this transaction is an office property located at 9201 4th Avenue in Brooklyn, encompassing a total square footage of 80,000. The loan amount secured for this property is $15,700,000, with the financial arrangement being a bridge loan type. The lender for this transaction is Broadfield Realty Capital.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,700,000
  • Asset Square Footage: 80,000 SF
  • Address: 9201 4th Avenue
  • Market: Brooklyn
  • Lender: Broadfield Realty Capital
  • Loan Type: Bridge

Key individuals involved in this transaction include Aaron Lerman and Uanderson Benedetti, who are associated with the property deal. Their participation underscores the collaborative effort required to secure the loan funding for this office asset.

Players

Broadfield Realty Capital
Broadfield Realty CapitalLender

Brooklyn Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $196 per square foot on a published $15.7M for 80,000 square feet (2024).

Browse Brooklyn office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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