Updated Oct 29, 2024
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
About this deal
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
- Property Type: Development site
- Transaction Amount: $3,065,000
- Market: Williamsburg, Brooklyn
- Lender: Urban Standard Capital - Robert Levine, Seth Weissman & Charlie Brosens
- Broker: Aggelos Sklavenitis
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.
On the Map
$3,065,000
$521/SF
Development Site
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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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93