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:
- 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
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
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