Updated Dec 4, 2024
Jake Lapidot Of Cooper Horowitz Secures $10.05M Refinance For Self Storage In Brooklyn
2829 West 21st Street
$10,050,000
$143/SF
Building Size
70,000 SF
Asset Type
Self Storage
Closing
Nov 21, 2024
About this deal
AI
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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.58%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93