Urban Standard Capital Provides $2.3M Loan For Mixed-Use Property In Brooklyn Heights
128 Montague St, Brooklyn Heights, Brooklyn, NY, USA
$2,300,000
$286/SF
Building Size
8,029 SF
Asset Type
Mixed-use
Closing
Feb 16, 2021
About this deal
AI
Located at 128 Montague St in Brooklyn Heights, this mixed-use property recently closed in a loan transaction. The loan amount of $2,300,000 was provided by Urban Standard Capital. The deal was finalized on February 17, 2021, and the loan closed just four days after the term sheet was signed.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,300,000
- Address: 128 Montague St
- Market: Brooklyn Heights
The individuals involved in this transaction include Seth Weissman, Charlie Brosens, Bean, and Sam Hollander. Seth Weissman, Charlie Brosens, and Bean are featured in the accompanying image shared on Instagram. If you are interested in debt or equity opportunities, you can contact Charlie at [email protected] or Sam at [email protected]. Their company, Urban Standard Capital, provided the loan for this successful deal.
On the Map
$2,300,000
$286/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93