Customers Bank Provides $11.375M Acquisition Loan For Williamsburg Multifamily
65 Roebling Street, Brooklyn, New York 11211, United States
$11,375,000
$355/SF
Building Size
32,000 SF
Asset Type
Commercial
Closing
Oct 12, 2022
AI
The multifamily property located at 65-77 Roebling St in Williamsburg, Brooklyn was involved in a recent transaction. The property spans approximately 52,797 square feet and consists of 55 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,375,000
- Loan Type: Acquisition
- Loan Terms: 65% of Purchase Price
The loan for this transaction was provided by Customers Bank. The brokers involved in the deal were Dylan Kane and Zach Redding from Colliers.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93