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666 Grand Street

Andrew Marcus Secures $1.25M Acquisition Loan For Mixed-Use Asset In Williamsburg
FINANCEDMixed-use

Andrew Marcus Secures $1.25M Acquisition Loan For Mixed-Use Asset In Williamsburg

666 Grand Street

$1,250,000

$208/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Apr 16, 2024

AI

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

Andrew Marcus

Matthews

Broker

$23.8M

vol

4 deals

Broker
Ushjo
Ushjo Lender

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93