TD Bank Refinances Retail Condo Unit On Court Street, Brooklyn For $4.99M
340 Court Street, Brooklyn, New York 11231, United States
$4,999,000
$1,666,333/SF
Building Size
3 SF
Asset Type
Retail
Closing
Nov 22, 2022
About this deal
AI
The retail condominium unit located at 340 Court Street in Brooklyn, NY, has undergone a refinancing transaction. The property, with a total area of 3,426 square feet, is occupied by TD Bank. The transaction took place on November 22, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,999,000
- Address: 340 Court Street, Brooklyn, NY
- Market: Brooklyn, NY
The lender involved in the refinancing deal was TD Bank. Meanwhile, Black Bear Asset Management served as the landlord. The brokers who represented the deal were Bryan Manz and George Pektor of Black Bear Capital Partner.
On the Map
$4,999,000
$1,666,333/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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93