J.P. Morgan Chase Provides $75M Loan For Retail Building In Williamsburg, Brooklyn
237 Bedford Ave, Brooklyn, NY 11211, USA
$75,000,000
$1,545/SF
Building Size
48,525 SF
Asset Type
Retail
Closing
Jul 8, 2018
About this deal
AI
Located at 237-247 Bedford Ave in Williamsburg, Brooklyn, New York, this retail building was involved in a transaction with a loan amount of $75,000,000. The lender for this property was J.P. Morgan Chase, and the landlord in this deal was Redsky Capital. The property was represented by JLL brokers Jonathan Schwartz and Aaron Appel under the JLL - NY Capital Markets.
Summary of transaction details
- Property Type: Retail Building
- Transaction Amount: $75,000,000
- City: New York
- Market: Williamsburg, Brooklyn
- Lender: J.P. Morgan Chase
- Landlord: Redsky Capital
- Brokers: JLL - Jonathan Schwartz & Aaron Appel @jll_ny_capitalmarkets
Ben Bernstein and Jamie Dimon were not mentioned in the property transaction details but might have played a role behind the scenes. It's fascinating to see the collaboration among these key individuals and companies in such a significant real estate deal.
On the Map
$75,000,000
$1,545/SF
Retail
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93