Nick Coslov Of Storage Deluxe Refinances Self Storage Property In Bushwick For $105M
105 Evergreen Avenue
$105,000,000
Building Size
—
Asset Type
Self Storage
Closing
Sep 11, 2025
AI
The asset involved in this transaction is a 145,000-square-foot self-storage property located at 105 Evergreen Avenue in Bushwick, Brooklyn. The property underwent a refinancing transaction, securing a loan amount of $105 million.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $105,000,000
- Lender: Deutsche Bank & Goldman Sachs
- Landlord: Nick Coslov - Storage Deluxe
- Loan Type: Refinance
The refinancing was executed by Storage Deluxe, represented by Nick Coslov, who is also the landlord of the property. The lenders for this transaction were Deutsche Bank and Goldman Sachs, who facilitated the refinancing agreement.
Players
Brooklyn Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93