David Halberstam Of Bruklyn Builders Secures $8 Million Refinance From Societe Generale For Property In Williamsburg
533 Grand Street
$8,000,000
$2,469/SF
Building Size
3,240 SF
Asset Type
Mixed-use
Closing
Jul 29, 2026
AI
The property asset involved in the transaction is a mixed-use building located at 533 Grand Street in Williamsburg, Brooklyn. The property encompasses a total area of 3,240 square feet and consists of 2 units. The transaction involves a refinancing loan amount of $8,000,000 secured by Bruklyn Builders.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Address: 533 Grand Street
- Market: Williamsburg, Brooklyn
- Asset Size: 3,240 SF
- Units: 2
- Lender: Societe Generale
- Landlord: David Halberstam - Bruklyn Builders
- Loan Type: Refinance
Bruklyn Builders successfully replaced a previous loan of $6 million from S3 Capital with the new refinancing from Societe Generale, indicating a strategic financial maneuver for the property.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93