JLJ Capital Provides $57M Loan For Mixed-Use Property At 329 Broadway, Williamsburg
329 Broadway, Brooklyn, NY 11211, USA
$57,000,000
$1/SF
Building Size
57,000,000 SF
Asset Type
Mixed-use
Closing
Sep 3, 2019
AI
A mixed-use property located at 329 Broadway in Williamsburg has been involved in a closed transaction. The property, which includes both residential and commercial spaces, was sold for a total amount of $57,000,000. The transaction took place on September 4, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $57,000,000
- Address: 329 Broadway
- Market: Williamsburg
JLJ Capital provided a loan amount of $57,000,000 for this transaction. The landlord of the property is Parkview Management. Jonathan Lewis's image is associated with this transaction.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93