Alex Jaffa
BROOKLYN, NY — Commercial real estate brokerage Eastern Union has arranged $33.84 million in financing to support the acquisition of a 144,263-square-foot medical office building in Brooklyn’s Borough Park neighborhood, the company announced.
Located at 6201 15th Avenue, on the corner of 62nd Street, the four-story structure features a reinforced concrete frame and fixed casement windows. The building underwent a full renovation in 2010 and occupies a 0.83-acre parcel, with an additional 0.19-acre surface parking lot providing 25 spaces.
The property’s net rentable area totals 144,263 square feet, with a gross area of 147,520 square feet.
The financing was arranged by Alex Jaffa and Ben Halpern, senior loan consultants with Eastern Union. The transaction supports a property sale valued at $42.3 million, with the mortgage representing an 80% loan-to-value ratio. The five-year loan, provided by Webster Bank, carries an interest rate of 5.55% and includes stepdown prepayment penalties based on a 25-year amortization schedule.
“The financing for this office building helps our client unlock new opportunities for growth and expansion,” said Jaffa in a company statement. “Our dedication to personalized service and expertise ensured a successful outcome that exceeded expectations.”
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