All Year Management's 94-102 Walworth Street Development Site In Bed-Stuy Brooklyn Acquired For $3.75M
FINANCED
$3,750,000
New York
See Similar DealsDevelopment Site2,056 SF
Financed 11/28/2018
FINANCED
All Year Management's 94-102 Walworth Street Development Site In Bed-Stuy Brooklyn Acquired For $3.75M
94 Walworth St, Brooklyn, NY 11205, USA
See Similar DealsDevelopment Site2,056 SF
Financed 11/28/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,823
Total Square Footage:2,056 SF
Transaction Type:Loan
A development site located at 94-102 Walworth Street in Bed-Stuy, Brooklyn has been transacted. The property was acquired by an undisclosed buyer for a loan amount of $3,750,000. The lender in this deal was @urbanstandardcap represented by Seth Weissman. The landlord of the property is All Year Management, headed by Yoel Goldman. The deal was facilitated by Brooklyn Bridge Capital.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,750,000
The key individuals and companies involved in this deal include Seth Weissman, representing @urbanstandardcap as the lender, and Yoel Goldman, the landlord of the property. The deal was sourced by Benjamin Barasch from Urban Standard Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,750,000.00
Monthly NOI$25,000.00
Monthly Debt Service$23,702.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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