Updated Jun 17, 2026
FINANCEDMultiFamily
GPS Capital & 4Corner Provides $1.57M Bridge Loan For Multifamily Property In Williamsburg, Brooklyn
10 Havemeyer Street, Brooklyn, New York 11211, United States
$1,570,000
$261/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
May 15, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily building situated at 10 Havemeyer St., Williamsburg, Brooklyn. The asset comprises 6,000 square feet and contains 8 units. The loan amount extended for this property is $1,570,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Address: 10 Havemeyer St.
- Market: Williamsburg, Brooklyn
- Asset Size: 6,000 SF
- Units: 8
- Lender: Steven Goldschmied - GPS Capital & 4Corner
- Landlord: Chris Ciel
This transaction has notable participants; Steven Goldschmied from GPS Capital & 4Corner acted as the lender for the deal, offering capital and inviting further inquiries for future deals. Chris Ciel is the landlord associated with this multifamily property.
On the Map
$1,570,000
$261/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93