Andrew Marcus Secures $1.25M Acquisition Loan For Mixed-Use Asset In Williamsburg
FINANCED
$1,250,000
New York
See Similar DealsMixed-use6,000 SF
Financed 04/16/2024
FINANCED
Andrew Marcus Secures $1.25M Acquisition Loan For Mixed-Use Asset In Williamsburg
666 Grand Street
See Similar DealsMixed-use6,000 SF
Financed 04/16/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$208
Total Square Footage:6,000 SF
Transaction Type:Loan
The mixed-use property located at 666 Grand Street in Williamsburg, Brooklyn spans 6,000 square feet. The recent transaction involved an acquisition loan from Sage Usher of Ushjo, amounting to $1,250,000. The landlord for this property is Jay Walker, with Andrew Marcus from Dansker Capital Group acting as the broker in the deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Address: 666 Grand Street
- Market: Williamsburg, Brooklyn
- Lender: Sage Usher - Ushjo
- Landlord: Jay Walker
- Broker: Andrew Marcus - Dansker Capital Group
Sage Usher from Ushjo provided the acquisition loan for the property, and Jay Walker is the landlord overseeing this mixed-use asset. Andrew Marcus represented the parties involved in the transaction as the broker from Dansker Capital Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,250,000.00
Monthly NOI$8,333.33
Monthly Debt Service$7,900.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions