Popular Bank Provides $26M Loan For Nursing House At 135 Linden Boulevard In Flatbush
135 Linden Boulevard, East Flatbush, Brooklyn, NY, USA
$26,000,000
$2,488/SF
Building Size
10,450 SF
Asset Type
Other
Closing
Aug 8, 2021
AI
The nursing house located at 135 Linden Boulevard in Flatbush has been involved in a recent loan transaction. The loan was provided by Popular Bank in the amount of $26,000,000. The nursing house spans a total of 103,450 square feet and is owned by David Katz.
Summary of transaction details
- Property Type: Nursing House
- Transaction Amount: $26,000,000
- Address: 135 Linden Boulevard
- Market: Flatbush
- Landlord: David Katz
- Square Footage: 103,450
Popular Bank served as the lender in this loan transaction, providing the necessary funds for the nursing house. David Katz, the landlord, was involved in facilitating the loan as well.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93