Lev Brokers Refinance $4.4M Loan For Brooklyn Parking Garage At 700 Pacific St
700 Pacific Street, Brooklyn, New York 11217, United States
$4,420,000
$53/SF
Building Size
82,328 SF
Asset Type
Other
Closing
Oct 25, 2022
About this deal
AI
A parking garage located at 700 Pacific Street in Brooklyn has been refinanced. The property spans approximately 82,328 square feet. The transaction took place on October 26, 2022.
Summary of transaction details
- Property Type: Parking Garage
- Transaction Amount: $4,420,000
- Loan Type: Refinance
- Loan Terms: 70% LTV, 4.25% Rate, 5+5 Term, 30-year Amortization
The deal was facilitated by Ethan Freilich, Don Pavlov, Andres Breuer, and Yaakov Zar from Lev.
The other loan at 700 Pacific Street, Brooklyn, New York 11217, United States in New York, New York financed for $4.4M in 2022. The building is 82,328 square feet, implying about 53 per square foot on the published price. Andras Breuer, Ethan Freilich, Donald (Don) Pavlov, Yaakov Zar appear on the loan alongside Lev. This page is the New York, New York file for the 700 Pacific Street, Brooklyn, New York 11217, United States other financed: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else financed near 700 Pacific Street, Brooklyn, New York 11217, United States around 2022. Published consideration for 700 Pacific Street, Brooklyn, New York 11217, United States is $4.4M, dated 2022. Cite this Lev Brokers Refinance $4.4M Loan For Brooklyn Parking Garage At 700 Pacific St loan when underwriting similar other product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.59%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93