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
About this deal
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.
The retail loan at 1007 Flatbush Avenue, Brooklyn, New York 11226, United States in New York, New York financed for $50M in 2022. The building is 141,599 square feet, implying about 353 per square foot on the published price. Named participants on the 1007 Flatbush Avenue, Brooklyn, New York 11226, United States loan are Adjmi Family. This page is the New York, New York file for the 1007 Flatbush Avenue, Brooklyn, New York 11226, United States retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 1007 Flatbush Avenue, Brooklyn, New York 11226, United States around 2022. Published consideration for 1007 Flatbush Avenue, Brooklyn, New York 11226, United States is $50M, dated 2022. Cite this Signature Bank Provides $50M Refinance Loan For Retail Property At 1007 Flatbush Avenue In Flatbush loan when underwriting similar retail product around New York, New York.
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