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72 North 15th Street

Stephanie Eisenberg Secures $16.5M Refinance Loan For 72 North 15th Street Industrial
FINANCEDIndustrial

Stephanie Eisenberg Secures $16.5M Refinance Loan For 72 North 15th Street Industrial

72 North 15th Street

$16,500,000

$366/SF

Building Size

45,000 SF

Asset Type

Industrial

Closing

Mar 1, 2024

AI

The industrial building located at 72 North 15th Street in Williamsburg, Brooklyn, spanning 45,000 square feet, was the subject of a $16.5 million refinance loan provided by Dalan Real Estate. The loan was secured by Stephanie Eisenberg of Nash Metalware, represented by 72 North 15th Street Owner LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,500,000
  • Address: 72 North 15th Street
  • Market: Williamsburg, Brooklyn
  • Lender: Ayush Kapahi - Dalan Real Estate
  • Landlord: Stephanie Eisenberg - Nash Metalware

The refinance loan for the industrial property at 72 North 15th Street in Williamsburg was facilitated by Ayush Kapahi from Dalan Real Estate, operating as DC N 15th Lender LLC. Stephanie Eisenberg, the landlord of Nash Metalware, was represented by 72 North 15th Street Owner LLC in securing the loan.

Players

Dalan Management
Dalan ManagementLender

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93