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
About this deal
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
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