FINANCEDOther
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
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.
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
3.59%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93