Valley National Bank Provides $14M Construction Loan For Mixed-Use Property In Williamsburg, Brooklyn
FINANCED
$14,000,000
New York
See Similar DealsMixed-use25,215 SF
Financed 03/09/2023
FINANCED
Valley National Bank Provides $14M Construction Loan For Mixed-Use Property In Williamsburg, Brooklyn
717 Grand Street
See Similar DealsMixed-use25,215 SF
Financed 03/09/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$555
Total Square Footage:25,215 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use building located at 717 Grand Street in Williamsburg, Brooklyn. The property has a total square footage of 25,215. The loan for this transaction was provided by Valley National Bank, with Oren Saperstein and Roger Rofe representing the bank. Guy Peleg is the landlord of the property.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $14,000,000
- Address: 717 Grand Street
- Market: Williamsburg, Brooklyn
Oren Saperstein and Roger Rofe from Valley National Bank acted as representatives of the lender in this transaction. The loan amount for this deal was $14,000,000, and it was a construction loan.
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
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions