BridgeCity Capital Provides $5.75M Loan For Williamsburg Condo Inventory
FINANCED
$5,752,500
New York
See Similar Deals14,000 SF
Financed 12/26/2019
FINANCED
BridgeCity Capital Provides $5.75M Loan For Williamsburg Condo Inventory
134 Stockton Street, Brooklyn, NY 11206, USA
See Similar Deals14,000 SF
Financed 12/26/2019
Summary
NEW YORK
Price Per Square Foot:$410
Total Square Footage:14,000 SF
Transaction Type:Loan
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:
- Property Type: Condo Inventory Loan
- Transaction Amount: $5,752,500
- Address: 104/114 & 134 Stockton Street
- Market: Williamsburg
- Lender: BridgeCity Capital
- Landlord: Abraham Brach
- Brokers: Moishe Loketch & Louis Lebovits
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
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,752,500.00
Monthly NOI$38,350.00
Monthly Debt Service$36,359.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions