Updated May 12, 2025
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:
- Property Type: Special Purpose
- Transaction Amount: $5,000,000
- Asset Address: 317 Clermont Avenue
- Market: Fort Greene, Brooklyn
- Lender: Shaya Krausz - Brooklyn Bridge Capital & Lawrence Rosenblum - Rcubed Real Estate
- Landlord: The Brooklyn Masonic Temple
- Loan Type: Refinance
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.
On the Map
$5,000,000
Special Purpose
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Players
Brooklyn Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
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Deal FAQ
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