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266 Stagg Street, East Will...

Seth Weissman, Charlie Brosens & Sam Hollander Of USC Acquire $1.2M Loan For Mixed-Use Property On Stagg Street, Williamsburg
FINANCEDMixed-use

Seth Weissman, Charlie Brosens & Sam Hollander Of USC Acquire $1.2M Loan For Mixed-Use Property On Stagg Street, Williamsburg

266 Stagg Street, East Williamsburg, Brooklyn, NY, USA

$1,200,000

$290/SF

Building Size

4,125 SF

Asset Type

Mixed-use

Closing

May 27, 2020

AI

Located at 266 Stagg Street in Williamsburg, this mixed-use property was involved in a recent transaction. The loan for this property was provided by Seth Weissman, Charlie Brosens, and Sam Hollander from USC NYC. The loan amount was $1,200,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,200,000
  • Address: 266 Stagg Street
  • Market: Williamsburg

Seth Weissman, Charlie Brosens, and Sam Hollander, representing USC NYC, facilitated the loan for this property. For debt or equity opportunities, interested parties can reach out to Sam via email at [email protected], or contact Charlie at [email protected].

Players

Robert Shamash

Broker

$2.8M

vol

4 deals

Broker
Seth Weissman

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender

Brooklyn 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93