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
About this deal
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.
The other loan at 8 Java Street, Brooklyn, New York 11222, United States in New York, New York financed for $50M in 2022. The building is 98,910 square feet, implying about 505 per square foot on the published price. Named participants on the 8 Java Street, Brooklyn, New York 11222, United States loan are Kenneth Chan. This page is the New York, New York file for the 8 Java Street, Brooklyn, New York 11222, 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 8 Java Street, Brooklyn, New York 11222, United States around 2022. Published consideration for 8 Java Street, Brooklyn, New York 11222, United States is $50M, dated 2022. Cite this Morgan Stanley Provides $50M Refinance Loan For 8-48 Java St Specialty Building In Greenpoint loan when underwriting similar other product around New York, New York.
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New York Other Market Snapshot
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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