Non Performing Loan Sale in Downtown Brooklyn

63 Duffield Street

Downtown Brooklyn

Size 5,100 SF
UPB $1,800,581
Subways
f
2
3
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Loan/Note Sale 63 Duffield Street, Downtown Brooklyn
Ofer Cohen
Have Ofer contact you

Want Ofer to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Overview

The non-performing mortgage loan is secured by 63 Duffield
Street. 63 Duffield Street is a 6-unit, multifamily property
located in one of Brooklyn’s premiere neighborhoods –
Downtown Brooklyn. Since the 2005 rezoning, Downtown
Brooklyn has undergone a complete revitalization with
numerous large scale commercial and residential development
projects, including Barclay’s Center, Pacific Park, City Point
and the BAM-Downtown Brooklyn Cultural District. Downtown
Brookyn also contains a core of highly respected educational
institutions including Long Island University and over 2,500
hotel keys to help accommodate the 15 million+ visitors to the
borough annually.
63 Duffield Street is an approximately 5,100 SF, three-story
building, set on a 25 ft x 101 ft lot. The building is in the
protected 2A tax class and the taxes are only $10,987/year.
The loan was originated in April 2016 in the amount of
$1,900,000 with loan maturity on May 1, 2036. The loan has a
fixed interest rate of 3.75% for the first 5 years and a default
interest rate of additional 400 BPS.

Attractions

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >