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390 Leonard Street, Brookly...

Updated Jan 2, 2025

Joel Schwartz Refinances Multifamily & Development Site In Williamsburg For $24.75M
FINANCEDDevelopment Site

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

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

Esti Broyde

Roey Realty

Broker

$72.6M

vol

9 deals

Broker
RR
ROEY REALTYLender

Joel Schwartz

Landlord

$450.9M

vol

43 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $789 per square foot on a published $24.8M for 31,356 square feet (2022).

Visit Esti Broyde to view all their deals.

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

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