Bank Of Hope Provides $10M Refinance Loan For Williamsburg Mixed-Use Property On Morgan Ave
FINANCED
$10,000,000
New York
See Similar DealsMixed-use99,000 SF
Financed 05/27/2022
FINANCED
Bank Of Hope Provides $10M Refinance Loan For Williamsburg Mixed-Use Property On Morgan Ave
186 Morgan Avenue
See Similar DealsMixed-use99,000 SF
Financed 05/27/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$101
Total Square Footage:99,000 SF
Transaction Type:Loan
The subject site involved in this transaction is a mixed-use property located at 186-200 Morgan Ave in Williamsburg. The property spans approximately 99,000 square feet and consists of several industrial structures, including a Cement mixery and dock walls that run through Newton Creek.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 186-200 Morgan Ave
- Market: Williamsburg
- Square Footage: 99,000
The lender in this transaction is Bank of Hope, providing a refinance loan of $10,000,000. Adrian Edery & Michael Ryback from Paradigm Commercial Real Estate represented the parties involved in this deal.
Please note that the current lot size of the property is 99,000 square feet, with 198,000 square feet of buildable square footage.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions