Verv Capital Acquires Retail Property In East Flatbush With $5M Loan
FINANCED
$5,000,000
New York
See Similar DealsRetail20,500 SF
Financed 03/23/2022
FINANCED
Verv Capital Acquires Retail Property In East Flatbush With $5M Loan
9102 Church Avenue
See Similar DealsRetail20,500 SF
Financed 03/23/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:20,500 SF
Transaction Type:Loan
An acquisition loan of $5,000,000 has been secured for a retail property located at 9102 Church Ave in East Flatbush. The property spans across 20,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 9102 Church Ave
- Market: East Flatbush
- Landlord: Verv Capital - Edward Cohen & Jeffrey Chera
- Brokers: Richard Sutton & Yaakov Zar - Lev Capital
Edward Cohen and Jeffrey Chera from Verv Capital are the landlords of the property. The acquisition loan was brokered by Richard Sutton and Yaakov Zar from Lev Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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