Morgan Stanley Provides $50M Refinance Loan For 8-48 Java St Specialty Building In Greenpoint
8 Java Street, Brooklyn, New York 11222, United States
$50,000,000
$505/SF
Building Size
98,910 SF
Asset Type
Other
Closing
Sep 1, 2022
AI
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.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93