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

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FINANCED
$1,200,000
Seth Weissman
Charlie Brosens
+ 1

New York

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Mixed-use4,125 SF
Financed
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FINANCED

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

See Similar Deals
Mixed-use4,125 SF
Financed
Seth Weissman
Charlie Brosens
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$290
Total Square Footage:4125 SF
Transaction Type:Loan

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

4 deals$2.8M volume
BROKER


Charlie Brosens
Urban Standard Capital
32 deals$484.4M volume(917) 388-2300
BROKER

Sam Hollander
Urban Standard Capital
7 deals$109.9M volume
BROKER

Seth Weissman
Urban Standard Capital
55 deals$584M volume
LENDER

Seth Weissman
55 deals$584M volume
LENDER

Charlie Brosens
Urban Standard Capital
32 deals$484.4M volume
LENDER

Sam Hollander
Urban Standard Capital
7 deals$109.9M volume
LENDER

Details

FINANCED
IMAGE: Seth Weissman, Charlie Brosens, Bean 🐶 & Sam Hollander DATE: 05/27/2021 ADDRESS: 266 Stagg Street MARKET: Williamsburg ASSET TYPE: Mixed-use LENDER: Seth Weissman, Charlie Brosens & Sam Hollander @USC_NYC LOAN AMOUNT: $1,200,000 NOTE FROM @USC_NYC: For debt or equity opportunities, please email: šŸ“§ [email protected] šŸ“§ [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,200,000.00

Monthly NOI$8,000.00
Monthly Debt Service$7,584.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00