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1040 Dean St, Brooklyn, NY ...

Updated Oct 29, 2024

Greystone Originates $54.9M Loan For Yoel Goldman's Mixed-Use Property At 1040 Dean St., Brooklyn
FINANCEDSingle Family Residence

Greystone Originates $54.9M Loan For Yoel Goldman's Mixed-Use Property At 1040 Dean St., Brooklyn

1040 Dean St, Brooklyn, NY 11238, USA

$54,900,000

$2,509/SF

Building Size

21,877 SF

Asset Type

Single Family Residence

Closing

Aug 2, 2018

About this deal

AI

Located at 1040 Dean Street in Brooklyn, New York, this mixed-use property was recently involved in a closed transaction. The property, which includes both residential and commercial space, was the subject of a deal originated by Anthony Cristi of greystone''>Greystone. The loan amount for the transaction was $54,900,000, with a 10-year term provided by Greystone. The landlord and developer of the property is Yoel Goldman. The deal showcases the investment potential in Brooklyn's real estate market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $54,900,000
  • Address: 1040 Dean Street, Brooklyn, New York
  • Lender: Greystone
  • Landlord/Developer: Yoel Goldman
  • Broker: Anthony Cristi - Greystone

This successful deal highlights the cooperation between Greystone and Yoel Goldman in realizing the full potential of this mixed-use property. With Anthony Cristi acting as the broker, the transaction demonstrates their expertise in the New York City real estate market. The 10-year loan term provided by Greystone allows for long-term stability and growth for the property.

Players

Anthony Cristi

Broker

$109M

vol

5 deals

Broker
Greystone
GreystoneBrokerage
Greystone
GreystoneLender

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

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Deal FAQ

About $2.5K per square foot on a published $54.9M for 21,877 square feet (2018).

Visit Anthony Cristi to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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