Ampiera Group Secures $6,225,000 Loan For Retail Property Acquisition In Brooklyn
1707 Avenue U
$6,225,000
$211/SF
Building Size
29,400 SF
Asset Type
Retail
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in the transaction is located at 1707 Avenue U in Brooklyn, New York. It is categorized as retail space with a total square footage of 29,400. The acquisition loan amount for this asset is $6,225,000, associated with a 5-year term loan, facilitated by Ponce Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,225,000
- Address: 1707 Avenue U
- Market: Brooklyn
- Asset Square Footage: 29,400
- Lender: Yanni Kouzilos & Douglas Romero - Ponce Bank
- Borrower: Alex Lau & Justin Lau - Ampiera Group
- Loan Type: Acquisition
- Loan Terms: 5 year term loan
The deal involves Yanni Kouzilos and Douglas Romero representing Ponce Bank, providing the financing to long-time client Alex Lau of Ampiera Group. This lending initiative aligns with Ponce Bank's commitment to supporting local communities and addressing New York City's housing challenges.
On the Map
$6,225,000
$211/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Alex Lau to view all their deals.
Browse Brooklyn retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93