Spitzer Enterprises Acquires Residential Property At 420 Kent Ave, Williamsburg, Brooklyn For $1.5M
FINANCED
$386,000,000
New York
See Similar DealsOther20,000 SF
Financed 05/24/2019
FINANCED
Spitzer Enterprises Acquires Residential Property At 420 Kent Ave, Williamsburg, Brooklyn For $1.5M
420 Kent Ave, Brooklyn, NY 11249, USA
See Similar DealsOther20,000 SF
Financed 05/24/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$19,300
Total Square Footage:20,000 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$386,000,000.00
Monthly NOI$2,573,333.33
Monthly Debt Service$2,439,782.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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