M&T Bank Provides $78.8M Loan For Williamsburg Development
105 River St, Brooklyn, NY 11211, USA
$78,800,000
$1,370/SF
Building Size
57,499 SF
Asset Type
Development Site
Closing
Jan 1, 2020
AI
A development property located at 105 River Street and 87 River Street in Williamsburg has recently been involved in a closed transaction. The property is owned by @TwoTreesNY and the lender for the transaction was M&T Bank. The loan amount for the transaction was $78,800,000.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $78,800,000
- Address: 105 River Street, 87 River Street
- Market: Williamsburg
- Landlord: @TwoTreesNY
- Lender: M&T Bank
Jed Walentas represents the buyer/seller/landlord/tenant's interests in this transaction on behalf of TwoTreesNY.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93