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1291 Broadway

Lynn Marcello, Nicole Schmidt and DJ Johnston broker a $7,000,000 loan for Retail property. The deal closed 16 days ago.

  • Location image 1291 Broadway, Brooklyn, New York 11221, United States
  • Loan Value
    image $7,000,000
  • Asset Type image Retail
  • Area image 16,084 SF
  • Parties image3 Brokers,1 Lender,1 Agency
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Lynn Marcello

B6 Real Estate Advisors
  • Deals 5
  • Volume $63,330,000
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Nicole Schmidt

B6 Real Estate Advisors
  • Deals 5
  • Volume $63,330,000
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DJ Johnston icon

B6 Real Estate Advisors
  • Deals 57
  • Volume $377,740,000
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Comparables: 1291 Broadway

Showing 4 of 5

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Price Icon $6,050,000

  • StatusLOAN, $300 PPSF
  • Date07/11/22
  • Address2586 Coney Island Avenue, Brooklyn, New York 11230, United States
  • Address2586 Coney...
  • AssetRETAIL
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Price Icon $8,000,000

  • StatusLOAN, $149 PPSF
  • Date05/10/22
  • Address3780 Broadway, New York City, New York 10032, United States
  • Address3780 Broadway,...
  • AssetRETAIL
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Price Icon $6,000,000

  • StatusLOAN, $200 PPSF
  • Date03/18/22
  • Address604 Pacific Street, Brooklyn, New York 11217, United States
  • Address604 Pacific...
  • AssetRETAIL
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Price Icon $5,950,000

  • StatusLOAN, $365 PPSF
  • Date04/13/21
  • Address135 West 52nd Street, New York, NY, USA
  • Address135 West...
  • AssetRETAIL
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This Deal on Social

LOAN
IMAGE: DJ Johnston, Nicole Schmidt & Lynn Marcello
DATE: 09/13/2022
ADDRESS: 1291 Broadway
MARKET: Bushwick
ASSET TYPE: Retail ~ SF: 16,084

LENDER: Island Federal Credit Union (@IslandFederal)
LANDLORD: Bryan Murphy
MORTGAGE BROKERS: Lynn Marcello (@Lynnnstagram__) & Nicole Schmidt (@Nicole_MSchmidt) – B6 Real Estate Advisors
SELLER’S REP: DJ Johnston (@B6RealEstate_JohnstonTeam) – B6 Real Estate Advisors (@B6RealEstate)

LOAN AMOUNT: $7,000,000
LOAN TYPE: Acquisition
LOAN TERMS: 78% LTV, 4.25%, 7 Year Term, No Pre-Payment Penalty

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LOAN
IMAGE: DJ Johnston, Nicole Schmidt & Lynn Marcello
DATE: 09/13/2022
ADDRESS: 1291 Broadway
MARKET: Bushwick
ASSET TYPE: Retail ~ SF: 16,084

LENDER: Island Federal Credit Union (@IslandFederal)
LANDLORD: Bryan Murphy
MORTGAGE BROKERS: Lynn Marcello (@Lynnnstagram__) & Nicole Schmidt (@Nicole_MSchmidt) – B6 Real Estate Advisors
SELLER’S REP: DJ Johnston (@B6RealEstate_JohnstonTeam) – B6 Real Estate Advisors (@B6RealEstate)

LOAN AMOUNT: $7,000,000
LOAN TYPE: Acquisition
LOAN TERMS: 78% LTV, 4.25%, 7 Year Term, No Pre-Payment Penalty

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Contact Lynn Marcello

Lynn Marcello is a Director at B6 Real Estate Advisors. In this role, Ms. Marcello structures and sources debt and...

Nicole Schmidt is a Director for B6 Real Estate Advisors’ Capital Advisory Division. Ms. Schmidt specializes in debt and equity...

Mr. Johnston is a Partner, Senior Managing Directors at B6 Real Estate Advisors, where he oversees investment sales in Brooklyn’s...

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