FINANCEDCondo
Rybak Development Secures $19M Loan From Bank Of Princeton In Brooklyn
88 Withers St, New York, NY, 11211
$19,000,000
Building Size
—
Asset Type
Condo
Closing
Jun 26, 2017
AI
The property at 88 Withers St, New York, NY, 11211 in Brooklyn is a Condo. The loan for this property, dated 06/26/2017, amounted to $19,000,000.00 and was facilitated by the Bank of Princeton.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,000,000.00
- Address: 88 Withers St, New York, NY, 11211
- Market: Brooklyn
- Borrower: Rybak Development
- Borrower's Rep: Sean Robertson()
- Lender: Bank of Princeton
Sean Robertson represented Rybak Development in this loan agreement.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93