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
About this deal
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The mixed use loan at 56 N 9th St, Brooklyn, NY 11249, USA in New York, New York financed for $41M in 2020. The building is 100,000 square feet, implying about 410 per square foot on the published price. Tal Bar-or, Michael Weitzman, Jay Weitzman, Lantern Real Estate appear on the loan alongside Lantern Real Estate. This page is the New York, New York file for the 56 N 9th St, Brooklyn, NY 11249, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 56 N 9th St, Brooklyn, NY 11249, USA around 2020. Published consideration for 56 N 9th St, Brooklyn, NY 11249, USA is $41M, dated 2020. Cite this JPMorgan Asset Management Provides $41M Loan For Mixed-Use Property In Williamsburg loan when underwriting similar mixed use product around New York, New York.
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93