Signature Bank Provides $50M Refinance Loan For Retail Property At 1007 Flatbush Avenue In Flatbush
1007 Flatbush Avenue, Brooklyn, New York 11226, United States
$50,000,000
$353/SF
Building Size
141,599 SF
Asset Type
Retail
Closing
Apr 21, 2022
AI
Located in Flatbush, the property at 1007 Flatbush Avenue is a retail asset with a total area of 141,599 square feet. Recently, it was involved in a refinancing transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $50,000,000
- Loan Type: Refinance
- Lender: Signature Bank
- Landlord: ACHS Management - Adjmi Family
Signature Bank provided a loan of $50,000,000 to the property owner, ACHS Management - Adjmi Family, for the purpose of refinancing. This deal was finalized on 04/22/2022.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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