Updated Sep 8, 2026
David Krinsky Secures $20 Million Refinance Loan From TD Bank For Brownsville Academy High School
1150 East New York Avenue
$20,000,000
$253/SF
Building Size
79,058 SF
Asset Type
Special Purpose
Closing
Jul 9, 2026
About this deal
AI
The asset involved in this transaction is the Brownsville Academy High School building located at 1150 East New York Avenue, Brooklyn, which has a square footage of 79,058. The transaction involved a refinancing loan amounting to $20,000,000.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $20,000,000
- Address: 1150 East New York Avenue
- Market: Brownsville, Brooklyn
- Lender: TD Bank
- Landlord: David Krinsky
- Previous Loan: $7,500,000 from Webster Bank
David Krinsky, representing 1150 East Associates LLC, was responsible for securing the refinancing loan from TD Bank, which replaced an earlier loan from Webster Bank.
Players
Brooklyn Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn special purpose loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93