JPMorgan Asset Management Provides $41M Loan For Mixed-Use Property In Williamsburg
FINANCED
$41,000,000
New York
See Similar DealsMixed-use100,000 SF
Financed
FINANCED
JPMorgan Asset Management Provides $41M Loan For Mixed-Use Property In Williamsburg
56 N 9th St, Brooklyn, NY 11249, USA
See Similar DealsMixed-use100,000 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$410
Total Square Footage:100000 SF
Transaction Type:Loan
A mixed-use property located at 56 North 9th Street in Williamsburg recently underwent a closed transaction. The property, owned by Double U Realty – Jay & Michael Weitzman, attracted the attention of various parties involved in the deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $41,000,000
- Lender: JPMorgan Asset Management
- Broker: Tal Bar Or – Lantern Real Estate
Tal Bar Or, representing Lantern Real Estate, played a key role in facilitating the deal as the broker. JPMorgan Asset Management provided the loan amount of $41,000,000. The transaction reflects the market value of the property in Williamsburg.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,000,000.00
Monthly NOI$273,333.33
Monthly Debt Service$259,147.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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