Senlac Ridge Partners Secures $18M Loan For Park Slope Retail Property
120 5th Avenue, Park Slope, Brooklyn, NY, USA
$18,000,000
$366/SF
Building Size
49,148 SF
Asset Type
Retail
Closing
Mar 19, 2021
AI
The retail property located at 120 5th Avenue in Park Slope has recently undergone a financial transaction. The loan for this property was provided by 10-120 5Ave Lender LLC. The loan amount totaled $18,000,000, and the property spans across 49,148 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,000,000
- Address: 120 5th Avenue
- Market: Park Slope
- Lender: 10-120 5Ave Lender LLC
Senlac Ridge Partners, represented by David Welsh, acted as the landlord in this transaction. David Welsh played a crucial role as the landlord's representative throughout the deal.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93