Updated Feb 16, 2024
Builders Capital Refinances Industrial Property In Williamsburg With $10.4M Loan
30 Bartlett Street, Brooklyn, New York 11206, United States
$10,439,001
$2,087/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Aug 30, 2022
About this deal
AI
A loan for the refinance of an industrial property in Williamsburg has been closed. The property, located at 30 Bartlett Street, spans 5,000 square feet. The loan was provided by Builders Capital, with Curt Altig representing the lender. The landlord of the property is Martin Jacobowitz.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,439,001
- Market: Williamsburg
- Address: 30 Bartlett Street
Curt Altig of Builders Capital served as the lender for the refinance loan. Martin Jacobowitz is the landlord associated with the property.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93