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128 Montague St, Brooklyn H...

Urban Standard Capital Provides $2.3M Loan For Mixed-Use Property In Brooklyn Heights
FINANCEDMixed-use

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

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.

Players

Christen Portelli

Highcap Group

Broker

$83.3M

vol

9 deals

Broker
Urban Standard Capital
Urban Standard CapitalLender

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