Northwind Group Provides $7.85M Loan For Williamsburg Residential Condo Acquisition
254-256 North 9th Street, Brooklyn, NY, USA
$7,850,000
$603/SF
Building Size
13,004 SF
Asset Type
—
Closing
Nov 17, 2021
AI
The residential condominium property located at 254-256 North 9th Street in Williamsburg has undergone a closed transaction. The property spans a total of 13,004 square feet and consists of 10 units. The deal was finalized on November 17, 2021.
Summary of Transaction Details
- Property Type: Residential Condominium
- Transaction Date: 11/17/2021
- Address: 254-256 North 9th Street, Williamsburg
- Market: Williamsburg
- Total Square Footage: 13,004
- Number of Units: 10
The loan for this transaction was provided by Northwind Group, represented by Ran Eliasaf and Gabriel Hamani. The loan amount was $7,850,000, and it was classified as a Condo Inventory Loan. Investmates, represented by Koby Telyas, acted as the landlord in this deal.
Note from Northwind Group: For any further opportunities, please contact [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93