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99 Conselyea Street, Brookl...

Urban Standard Capital Provides $3.1M Loan For Development Site In Williamsburg, Brooklyn
FINANCEDDevelopment Site

Urban Standard Capital Provides $3.1M Loan For Development Site In Williamsburg, Brooklyn

99 Conselyea Street, Brooklyn, NY, USA

$3,065,000

$521/SF

Building Size

5,873 SF

Asset Type

Development Site

Closing

Jan 27, 2021

AI

99 Conselyea Street, a development site located in Williamsburg, Brooklyn, has been involved in a recent transaction. The property has a buildable square footage (BSF) of 5,873 and is owned by Cleopatra Realty.

Summary of transation details

Urban Standard Capital, represented by Robert Levine, Seth Weissman, and Charlie Brosens, provided a loan of $3,065,000 for the transaction. Aggelos Sklavenitis acted as the broker in the deal.

For bridge and construction lending opportunities in New York, Philadelphia, and South Florida, interested parties can contact Robert ([email protected]) and Charlie ([email protected]), according to a note from Urban Standard Capital.

Players

Aggelos Sklavenitis

Broker

$3.1M

vol

1 deal

Broker
Urban Standard Capital
Urban Standard CapitalLender

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

5.18%

Cash-on-Cash

-1.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93