Lev Capital Secures $3.87M Refinance Loan For Mixed-use Property In Williamsburg
153 Grand Street, Brooklyn, New York 11249, United States
$3,870,000
$1,026/SF
Building Size
3,772 SF
Asset Type
Mixed-use
Closing
Mar 30, 2022
About this deal
AI
153 Grand St. in Williamsburg has recently undergone a refinancing transaction. This mixed-use property spans approximately 3,772 square feet and is situated in the bustling market of Williamsburg.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,870,000
- Date: 03/31/2022
- Brokers: Richard Sutton & Yaakov Zar - Lev Capital
- Loan Type: Refinance
The refinancing deal for 153 Grand St. was facilitated by Richard Sutton and Yaakov Zar, representing Lev Capital. This transaction has allowed the property owner to secure a loan amount of $3,870,000 to support their financial needs.
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
4.10%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93