facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Loan

/

94 Walworth St, Brooklyn, N...

All Year Management's 94-102 Walworth Street Development Site In Bed-Stuy Brooklyn Acquired For $3.75M
FINANCEDDevelopment Site

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

$3,750,000

$1,823/SF

Building Size

2,056 SF

Asset Type

Development Site

Closing

Nov 27, 2018

AI

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.

Players

Urban Standard Capital
Urban Standard CapitalLender

Yoel Goldman

All Year Management

Landlord

$473.8M

vol

8 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93