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771 Putnam Avenue

Omar Slowe Of Harpia Secures $2.5 Million Acquisition Loan For Package Deal In Brooklyn
FINANCEDPackage Deal

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

96,320 SF

Asset Type

Package Deal

Closing

Mar 14, 2025

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.

Players

Andrew Marcus

Matthews

Broker

$23.8M

vol

4 deals

Broker
Ushjo
Ushjo Lender
Ushjo
Ushjo Lender

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