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801 Crooked Hill Rd, Brentw...

Jack Fried Brokers $24M Loan For Shelter Property In Brentwood
FINANCEDOther

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

Jack Fried

Broker

$34.7M

vol

2 deals

Broker
Sterling National Bank
Sterling National BankLender

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