Spitzer Enterprises Acquires Residential Property At 420 Kent Ave, Williamsburg, Brooklyn For $1.5M
420 Kent Ave, Brooklyn, NY 11249, USA
$386,000,000
$19,300/SF
Building Size
20,000 SF
Asset Type
Other
Closing
May 23, 2019
About this deal
AI
The residential property located at 420 Kent Ave in Williamsburg, Brooklyn has been sold for a transaction amount of $1.5 million. The property is part of the market in Williamsburg, known for its vibrant and trendy atmosphere.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $1.5 million
- Address: 420 Kent Ave
- Market: Williamsburg, Brooklyn
Spitzer Enterprises, led by Eliot Spitzer, served as the landlord for this property transaction. The loan amount for the deal was $386. KKR RE Finance Trust provided the financing for the purchase. The deal was facilitated by Meridian Capital Group, acting as the broker.
On the Map
$386,000,000
$19,300/SF
Other
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Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
About $19.3K per square foot on a published $386M for 20,000 square feet (2019).
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93