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
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93