United American Land Secures $6M Loan From TD Bank For Retail Building In Gravesend, Brooklyn
2201 86th Street Brooklyn, New York 11214, USA
$6,000,000
$606/SF
Building Size
9,900 SF
Asset Type
Retail
Closing
Jun 7, 2023
About this deal
AI
United American Land has secured a $6 million loan from TD Bank for a retail building located at 2201 86th Street in Brooklyn's Gravesend neighborhood. The loan closed on June 7, 2023, marking the first debt placed on the property. The retail building spans 9,900 square feet and is owned by United American Land, represented by Albert Laboz.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 2201 86th Street
- Market: Gravesend, Brooklyn
- Lender: TD Bank
- Landlord: United American Land - Albert Laboz
On the Map
$6,000,000
$606/SF
Retail
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Players
Brooklyn 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93