Morgan Stanley Provides $50M Refinance Loan For 8-48 Java St Specialty Building In Greenpoint
FINANCED
$50,000,000
New York
See Similar DealsOther98,910 SF
Financed 09/02/2022
FINANCED
Morgan Stanley Provides $50M Refinance Loan For 8-48 Java St Specialty Building In Greenpoint
8 Java Street, Brooklyn, New York 11222, United States
See Similar DealsOther98,910 SF
Financed 09/02/2022
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$505
Total Square Footage:98,910 SF
Transaction Type:Loan
The specialty building located at 8-48 Java Street in Greenpoint, with a total area of 98,910 square feet, was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Specialty Building
- Transaction Amount: $50,000,000
- Address: 8-48 Java Street
- Market: Greenpoint
Morgan Stanley provided a refinancing loan of $50,000,000 for the specialty building at 8-48 Java Street. The loan was completed on September 2, 2022. The landlords of the property are Kenneth Chan and Miriam Chan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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