facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

125 Metropolitan Avenue

Hudson Companies Secures $39.25M Recapitalization Loan For Williamsburg Multifamily
FINANCEDMultiFamily

Hudson Companies Secures $39.25M Recapitalization Loan For Williamsburg Multifamily

125 Metropolitan Avenue

$39,250,000

Building Size

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

The multifamily property located at 125 Metropolitan Avenue in Williamsburg, Brooklyn has undergone a recapitalization loan transaction. The loan amount for this transaction was $39,250,000. The property is owned by David Kramer of Hudson Companies. The lenders involved in this deal were Voya Financing and Marc Mechanic of Meadow Partners. The brokers who facilitated the transaction were Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Brett Siegel, Jean Celestin, and William Lee of Newmark.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $39,250,000
  • Address: 125 Metropolitan Avenue
  • Market: Williamsburg, Brooklyn

The key individuals involved in this deal include David Kramer as the landlord, and Voya Financing, Marc Mechanic, and Meadow Partners as the lenders. The brokers from Newmark, namely Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Brett Siegel, Jean Celestin, and William Lee, played a crucial role in facilitating this transaction.

Players

Brett Siegel

Newmark

Broker

$6.4B

vol

76 deals

Broker
Voya Financial
Voya FinancialLender

David Kramer

Hudson Companies

Landlord

$678.8M

vol

11 deals

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93