Morris Bailey Of JEMB Realty Corporation Secures $125 Million Refinance Loan For Brooklyn Office
235 Duffield Street
$125,000,000
$451/SF
Building Size
276,864 SF
Asset Type
Office
Closing
Dec 15, 2025
About this deal
AI
The property asset involved in the transaction is an office located at 1 Willoughby Square, 235 Duffield Street in Brooklyn, featuring a total square footage of 276,864. The loan amount secured for this asset is $125,000,000 under a refinance agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125,000,000
- Lender: Christian Sewing - Deutsche Bank
- Landlord: Morris Bailey - JEMB Realty Corporation
- Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Max Ralby & Chris Lozinak - Newmark
The key individuals involved in the deal include Christian Sewing, who is representing Deutsche Bank as the lender, and Morris Bailey, who serves as the landlord through JEMB Realty Corporation. The landlord's representation is facilitated by a team from Newmark including Jordan Roeschlaub, Nick Scribani, Max Ralby, and Chris Lozinak.
On the Map
$125,000,000
$451/SF
Office
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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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93