Arbor Realty Provides $6.8M Loan For Multifamily Property At 113-121 Maujer St In Williamsburg
113 Maujer St, Brooklyn, NY 11206, USA
$6,800,000
$43/SF
Building Size
156,000 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
AI
A multifamily property located at 113-121 Maujer St in Williamsburg has been involved in a recent loan transaction. The property is owned by Maujer LLC, represented by Robert Kohn. The loan was provided by Arbor Realty in the amount of $6,800,000 with a fixed term of 12 years and an interest rate of 3.24%. The loan terms also include a 10-year interest-only period. The property has a total square footage of 15,600 and consists of 15 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Address: 113-121 Maujer St
- Market: Williamsburg
- Landlord: Maujer LLC – Robert Kohn
- Lender: Arbor Realty
- Loan Terms: 12 Year Fixed, 10 Years Interest Only, 3.24%
- Square Footage: 15,600
- Units: 15
The loan transaction was facilitated by brokers Joe Hach and Yaniv Cohen from Leviathan.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93