Updated Oct 29, 2024
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
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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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