Jack Fried Brokers $24M Loan For Shelter Property In Brentwood
801 Crooked Hill Rd, Brentwood, NY 11717, USA
$24,000,000
$417/SF
Building Size
57,500 SF
Asset Type
Other
Closing
Nov 29, 2020
AI
The property at 801 Crookedhill Rd in Brentwood has been involved in a closed transaction. The property is an asset of the Shelter type. The loan for this transaction was provided by Sterling National Bank, with a loan amount of $24,000,000. The loan terms are 5 year fixed rate at 4%. Stephen Werdiger is the landlord of the property. Jack Fried of GCP Capital Group represented the buyer in this deal.
Summary of Transaction Details
- Property Type: Shelter
- Transaction Amount: $24,000,000
- Lender: Sterling National Bank
- Landlord: Stephen Werdiger
- Broker: Jack Fried - GCP Capital Group
The involvement of Jack Fried from GCP Capital Group as the broker provides valuable insights into the people behind this deal. This partnership between the buyer and the broker facilitated the successful completion of the transaction, highlighting the expertise and professionalism of both parties involved.
Players
Brentwood 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93