Updated Oct 28, 2024
DR Bank Provides $3 Million Loan For Multifamily Property At 163 Roebling Street In Williamsburg, Brooklyn
163 Roebling Street, Williamsburg, Brooklyn, NY, USA
$3,000,000
$1,200/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
May 27, 2020
About this deal
AI
Located at 163 Roebling Street in Williamsburg, Brooklyn, this multifamily property was recently involved in a closed transaction. The property is situated in the bustling market of Williamsburg, offering a prime location for residents. The transaction took place on 05/27/2021 and involved a loan amount of $3,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Lender: DR Bank
- Broker: Jake Lapidot - Cooper-Horowitz
Jake Lapidot from Cooper-Horowitz played a pivotal role in facilitating this transaction as the broker. With their expertise and industry knowledge, they successfully represented the parties involved in the deal. The loan was provided by DR Bank, ensuring the necessary funds were available for the transaction.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93