Updated Feb 16, 2024
Urban Standard Capital Provides $8.7M Loan For Multifamily Property In Bedford-Stuyvesant
1194 Bedford Avenue, Brooklyn, NY, USA
$8,700,000
Building Size
—
Asset Type
MultiFamily
Closing
May 9, 2021
About this deal
AI
This multi-family property located at 1194-1202 Bedford Ave. in Bedford-Stuyvesant recently closed in a transaction. The asset consists of multiple residential units and falls under the multifamily category.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,700,000
- Market: Bedford-Stuyvesant
The lender for this transaction was Urban Standard Capital (USC) represented by Seth Weissman, Charlie Brosens, and Robert Levine. They provided a loan amount of $8,700,000. The landlord in this deal is Sigmund Freund.
For all bridge and construction lending opportunities, interested parties can reach out to Charlie ([email protected]) and Robert ([email protected]) at Urban Standard Capital (USC).
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93