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134 Stockton Street, Brookl...

BridgeCity Capital Provides $5.75M Loan For Williamsburg Condo Inventory
FINANCED

BridgeCity Capital Provides $5.75M Loan For Williamsburg Condo Inventory

134 Stockton Street, Brooklyn, NY 11206, USA

$5,752,500

$410/SF

Building Size

14,000 SF

Asset Type

Closing

Dec 25, 2019

AI

The property involved in this transaction is located at 104/114 & 134 Stockton Street in the Williamsburg market. The loan amount for this condo inventory loan is $5,752,500, covering a total square footage of 14,000 square feet.

Summary of transaction details:

The deal is represented by brokers Moishe Loketch and Louis Lebovits, highlighting their involvement in facilitating this transaction. This collaboration reflects their expertise in handling similar loan agreements in the real estate sector.

Players

Louis Lebovits

BridgeCity Capital

Broker

$1.4B

vol

51 deals

Broker
BridgeCity Capital
BridgeCity CapitalLender

Abraham Brach

Signature Acquisitions

Landlord

$281.7M

vol

11 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93