Urban Standard Capital Provides $38.5M Loan For Clinton Hill, Brooklyn Property
475 Washington Ave, Brooklyn, NY 11238, USA
$38,500,000
$2,577/SF
Building Size
14,937 SF
Asset Type
Other
Closing
Nov 29, 2020
AI
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
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93