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317 Clermont Avenue

Updated May 12, 2025

The Brooklyn Masonic Temple Secures $5 Million Refinance Loan From Rcubed Real Estate And Brooklyn Bridge Capital
FINANCEDSpecial Purpose

The Brooklyn Masonic Temple Secures $5 Million Refinance Loan From Rcubed Real Estate And Brooklyn Bridge Capital

317 Clermont Avenue

$5,000,000

Building Size

—

Asset Type

Special Purpose

Closing

Apr 3, 2025

About this deal

AI

The property involved in this transaction is a special purpose asset located at 317 Clermont Avenue in Fort Greene, Brooklyn. The asset encompasses a total square footage of 54,150 and has been refinanced for a loan amount of $5,000,000.

Summary of transation details:

This refinancing agreement was facilitated by Shaya Krausz from Brooklyn Bridge Capital and Lawrence Rosenblum from Rcubed Real Estate, representing the financial interests in this transaction. The landlord for the property is The Brooklyn Masonic Temple, which secured funds for the property at the specified address.

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$5,000,000

Special Purpose

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Players

RE
Rcubed Real EstateLender
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Brooklyn Special Purpose Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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