facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

186 North 6th Street, Brook...

JLL Arranges $37M Refinance Loan For Co-living Multifamily Property In Williamsburg
FINANCEDMultiFamily

JLL Arranges $37M Refinance Loan For Co-living Multifamily Property In Williamsburg

186 North 6th Street, Brooklyn, New York 11211, United States

$37,000,000

$748/SF

Building Size

49,446 SF

Asset Type

MultiFamily

Closing

Apr 6, 2022

AI

An $37,000,000 loan has been secured for the co-living multifamily property located at 186 N. 6th St. in Williamsburg. The property spans a total of 49,446 square feet.

Summary of transaction details

The loan was facilitated by Valley National Bank, with Ann Wilhelm representing the bank. The brokers involved in the transaction were Eliott Zeitoune, Marko Kazanjian, Max Herzog, Matt Fagella, and Andrew Cohen from Jones Lange LaSalle (JLL).

Players

Marko Kazanjian

Institutional Property Advisors

Broker

$5.4B

vol

71 deals

Broker
Valley National Bank
Valley National BankLender

New York 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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93