Wolfe Landau Of Watermark Capital Group Secures $16.48M Loan For School In Crown Heights
560 Sterling Place
$16,480,000
$528/SF
Building Size
31,190 SF
Asset Type
School
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in this transaction is a school located at 560 Sterling Place in the Crown Heights neighborhood of Brooklyn, with a total square footage of 31,190. The loan amount secured for this property is $16,480,000.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $16,480,000
- Address: 560 Sterling Place
- Market: Crown Heights, Brooklyn
- Lender: Genesis Capital
- Landlord: Wolfe Landau - Watermark Capital Group
This transaction highlights the role of Watermark Capital Group, whose operations are led by Wolfe Landau. The financing reflects the ongoing commitment of institutional capital into specialized asset classes within Brooklyn's educational real estate sector.
Players
Brooklyn School Market Snapshot
Boundary boundary · School · Loan transactions
Loading comparables…
Deal FAQ
Visit Wolfe Landau to view all their deals.
Browse Brooklyn school loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93