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56 N 9th St, Brooklyn, NY 1...

JPMorgan Asset Management Provides $41M Loan For Mixed-Use Property In Williamsburg
FINANCEDMixed-use

JPMorgan Asset Management Provides $41M Loan For Mixed-Use Property In Williamsburg

56 N 9th St, Brooklyn, NY 11249, USA

$41,000,000

$410/SF

Building Size

100,000 SF

Asset Type

Mixed-use

Closing

Oct 8, 2020

AI

No summary available.

Players

Tal Bar-or

Lantern Real Estate

Broker

$719M

vol

10 deals

Broker

Michael Weitzman

Double U Realty

Landlord

$218.1M

vol

12 deals

Landlord

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

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93