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
Brooklyn 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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93