Updated Jan 2, 2025
Joel Schwartz Refinances Multifamily & Development Site In Williamsburg For $24.75M
390 Leonard Street, Brooklyn, New York 11211, United States
$24,750,000
$789/SF
Building Size
31,356 SF
Asset Type
Development Site
Closing
Jun 16, 2022
About this deal
AI
The property involved in this closed transaction is a multifamily and development site located at 390 Leonard Street, 438 Union Avenue, and 319 Lenox Road in the Williamsburg market. The total square footage of the property is 31,356.
Summary of transaction details
- Property Type: Multifamily & Development Site
- Transaction Amount: $24,750,000
- Loan Type: Refinance
- Landlord: Joel Schwartz
- Broker: Esti Broyde - Roey Realty LLC
The loan amount for this transaction is $24,750,000. The loan type is a refinance.
The development site loan at 390 Leonard Street, Brooklyn, New York 11211, United States in New York, New York financed for $24.8M in 2022. The building is 31,356 square feet, implying about 789 per square foot on the published price. Esti Broyde, Joel Schwartz, Roey Realty appear on the loan alongside Roey Realty. This page is the New York, New York file for the 390 Leonard Street, Brooklyn, New York 11211, United States development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 390 Leonard Street, Brooklyn, New York 11211, United States around 2022. Published consideration for 390 Leonard Street, Brooklyn, New York 11211, United States is $24.8M, dated 2022. Cite this Joel Schwartz Refinances Multifamily & Development Site In Williamsburg For $24.75M loan when underwriting similar development site 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93