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105 Evergreen Avenue

Nick Coslov Of Storage Deluxe Refinances Self Storage Property In Bushwick For $105M
FINANCEDSelf Storage

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

Goldman Sachs
Goldman SachsLender

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