Updated Mar 11, 2025
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
About this deal
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.
The commercial loan at 65 Roebling Street, Brooklyn, New York 11211, United States in New York, New York financed for $11.4M in 2022. The building is 32,000 square feet, implying about 355 per square foot on the published price. John Barney, Gregory (Greg) Melanson, Dylan Kane, Zach Redding appear on the loan alongside Colliers, B6 Real Estate Advisors, Weber Frank Real Estate. This page is the New York, New York file for the 65 Roebling Street, Brooklyn, New York 11211, United States commercial financed: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else financed near 65 Roebling Street, Brooklyn, New York 11211, United States around 2022. Published consideration for 65 Roebling Street, Brooklyn, New York 11211, United States is $11.4M, dated 2022. Cite this Customers Bank Provides $11.375M Acquisition Loan For Williamsburg Multifamily loan when underwriting similar commercial product around New York, New York.
Players
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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