Urban Standard Capital Provides $7M Acquisition Loan For Development Site In New York
625 New York Ave, Brooklyn, New York 11203 + 447 Fenimore Street, Brooklyn, New York 11225
$7,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 22, 2023
AI
A development site located at 625 New York Ave & 447 Fenimore Street in New York has been involved in a loan transaction. The loan amount for this acquisition was $7,000,000. The lender in this transaction was Urban Standard Capital.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Lender: Urban Standard Capital
For all acquisition, bridge, and construction lending opportunities, email Charlie Brosens ([email protected]) & Harrison Rowen ([email protected]).
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93