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312 Broadway

Updated Dec 21, 2023

SOLD

Equitas Capital Group Provides $16M Refinance Loan For Mixed-Use Property In Williamsburg, Brooklyn

312 Broadway

$1,600,000

Building Size

Asset Type

Closing

Sep 2, 2022

About this deal

AI

The mixed-use property located at 312 Broadway in Williamsburg, Brooklyn has recently undergone a closed transaction. Spanning a total of 24,518 square feet, the property encompasses both residential and commercial spaces. The deal was facilitated by broker Alex Leykind from Equitas Capital Group.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $16,000,000
  • Loan Type: Refinance
  • Loan Terms: Term: 10 years fixed, AMM: 10 years interest only, Non-recourse, Assumable

Equitas Capital Group, led by broker Alex Leykind, specializes in providing tailored solutions for commercial real estate financing needs. Their relationship-driven approach ensures that they invest time and resources in understanding their clients' unique needs and challenges, allowing them to view each loan from an individual perspective. To learn more about how they can assist with financing your next commercial property, you can contact them at 646-637-7510 or [email protected].

Players

Rensselaer CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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