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
About this deal
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.
The condo loan at 88 Withers St, New York, NY, 11211 in Brooklyn, New York financed for $19M in 2017. 88 Withers St, New York, NY, 11211 is classified as Condo on Traded. Named participants on the 88 Withers St, New York, NY, 11211 loan are Sean Robertson. This page is the Brooklyn, New York file for the 88 Withers St, New York, NY, 11211 condo financed: pricing, party profiles, and other closed condo comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn condo set by closing date to see what else financed near 88 Withers St, New York, NY, 11211 around 2017. Published consideration for 88 Withers St, New York, NY, 11211 is $19M, dated 2017. Cite this Rybak Development Secures $19M Loan From Bank Of Princeton In Brooklyn loan when underwriting similar condo product around Brooklyn, New York.
On the Map
$19,000,000
Condo
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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