Updated Dec 4, 2024
Acadia Refinances Multifamily Property In Williamsburg For $64.1M
175 North 3rd Street, Brooklyn, New York 11249, United States
$64,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
The multifamily property located at 175 North 3rd Street in Williamsburg was recently involved in a loan transaction. The loan was provided by Acadia, with Ken Bernstein representing the lender. The loan amount was $64,100,000, and it was a refinance loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,100,000
- Date: 03/29/2022
- Address: 175 North 3rd Street
- Market: Williamsburg
- Lender: Acadia - Ken Bernstein
- Landlord: Waterbridge Capital - Joel Schreiber
The deal involved Ken Bernstein representing Acadia as the lender in the refinance loan transaction. Waterbridge Capital, represented by Joel Schreiber, was the landlord.
On the Map
$64,100,000
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93