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Urban Standard Capital Provides $38.5M Loan For Clinton Hill, Brooklyn Property

Property Image
FINANCED
$38,500,000

New York

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Other14,937 SF
Financed 11/30/2020
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Property Image
FINANCED

Urban Standard Capital Provides $38.5M Loan For Clinton Hill, Brooklyn Property

475 Washington Ave, Brooklyn, NY 11238, USA

See Similar Deals
Other14,937 SF
Financed 11/30/2020
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$2,577
Total Square Footage:14,937 SF
Transaction Type:Loan

The property located at 475 Washington Avenue, in the Clinton Hill neighborhood of Brooklyn, was involved in a closed transaction. The property's details include an image showing the individuals involved in the deal, namely Seth Weissman, Jonathan Aghravi, Benjamin Barasch, Charles Han, and Eli Terry.

Summary of transaction details

  • Property Type: Not specified
  • Transaction Amount: $38,500,000
  • Address: 475 Washington Avenue
  • Market: Clinton Hill, Brooklyn
  • Lender: Urban Standard Capital
  • Landlord: Barry Leon – Leon & Company
  • Lender's Representative: Benjamin Barasch from Urban Standard Capital
  • Landlord's Representative: Jonathan Aghravi, Charles Han, and Eli Terry from JBA Equities

The lender in this transaction was Urban Standard Capital represented by Benjamin Barasch. The landlord involved in the deal was Barry Leon from Leon & Company, with representation provided by Jonathan Aghravi, Charles Han, and Eli Terry from JBA Equities.

Players

LENDER

2 deals$46.4M volume
LANDLORD

Details

FINANCED
IMAGE: Seth Weissman, Jonathan Aghravi, Benjamin Barasch, Charles Han & Eli Terry ADDRESS: 475 Washington Avenue MARKET: Clinton Hill, Brooklyn LENDER: Urban Standard Capital LANDLORD: Barry Leon – Leon & Company LENDER’S REP: Urban Standard Capital – Benjamin Barasch LANDLORD’S REP: JBA Equities – Jonathan Aghravi, Charles Han & Eli Terry LOAN AMOUNT: $38,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,500,000.00

Monthly NOI$256,666.67
Monthly Debt Service$243,346.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00