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237 Bedford Ave, Brooklyn, ...

Updated Jun 5, 2025

J.P. Morgan Chase Provides $75M Loan For Retail Building In Williamsburg, Brooklyn
FINANCEDRetail

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.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender
RedSky Capital
RedSky CapitalLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $1.5K per square foot on a published $75M for 48,525 square feet (2018).

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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

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