Agus Holdings Secures $18.5 Million Refinance Loan From Citibank For Retail Space In Brooklyn
2461 East 17th Street
$18,500,000
$528/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Sep 10, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 2461 East 17th Street in Brooklyn. The total square footage of the asset is 35,000. The loan amount secured for this property is $18,500,000 under a refinance loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Lender: Citibank - Eric Mirvis
- Borrower: Agus Holdings
- Broker: Daniel Fromm - Newmark
- Transaction Date: 09/10/2026
The deal features key individuals such as Eric Mirvis representing Citibank as the lender and Daniel Fromm acting as the broker for Agus Holdings, the borrower in this transaction. This brokerage, Newmark, facilitated the financing process for the refinancing of the retail asset.
On the Map
$18,500,000
$528/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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93