Updated Mar 20, 2025
Omar Slowe Of Harpia Secures $2.5 Million Acquisition Loan For Package Deal In Brooklyn
771 Putnam Avenue, 284 Gates Avenue, 631 Throop Avenue & 629 Throop Avenue
$2,500,000
$26/SF
Building Size
24,080 SF
Asset Type
Package Deal
Closing
Mar 14, 2025
About this deal
AI
The transaction involves a package deal located at 771 Putnam Avenue in Brooklyn. The acquisition loan secured for this property amounts to $2,500,000.00. The lender for this loan is Ushjo, facilitating the financing necessary for the acquisition process.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,500,000.00
- Lender: Ushjo
- Landlord: Omar Slowe - Harpia
- Loan Type: Acquisition
- Loan Date: 03/14/2025
This deal represents the collaboration between Omar Slowe as the landlord and Ushjo as the lender, emphasizing the roles played by these key individuals and companies in completing the acquisition transaction at the specified address.
On the Map
$2,500,000
$26/SF
Package Deal
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Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93