Jake Lapidot Of Cooper Horowitz Secures $10.05M Refinance For Self Storage In Brooklyn
FINANCED
$10,050,000
New York
See Similar DealsSelf Storage70,000 SF
Financed 11/21/2024
FINANCED
Jake Lapidot Of Cooper Horowitz Secures $10.05M Refinance For Self Storage In Brooklyn
2829 West 21st Street
See Similar DealsSelf Storage70,000 SF
Financed 11/21/2024
Summary
NEW YORK
Asset Type:Self Storage
Price Per Square Foot:$143
Total Square Footage:70,000 SF
Transaction Type:Loan
The property involved in the transaction is a self-storage facility located at 2829 West 21st Street in Brooklyn. The asset spans 70,000 square feet and has a loan amount of $10,050,000, which is a refinance loan.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $10,050,000
- Address: 2829 West 21st Street
- Market: Brooklyn
- Asset Size: 70,000 SF
- Loan Type: Refinance
Jake Lapidot from Cooper Horowitz represents the broker in this transaction. He was instrumental in facilitating the refinance loan for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,050,000.00
Monthly NOI$67,000.00
Monthly Debt Service$63,522.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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