BridgeCity Capital Provides $23.45 Million Loan For 30-Unit Multifamily At 221 Wythe Avenue
FINANCED
$23,450,000
New York
See Similar DealsMultiFamily37,000 SF
Financed 07/24/2025
FINANCED
BridgeCity Capital Provides $23.45 Million Loan For 30-Unit Multifamily At 221 Wythe Avenue
221 Wythe Avenue
See Similar DealsMultiFamily37,000 SF
Financed 07/24/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$633
Total Square Footage:37,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multi-family building located at 221 Wythe Avenue in Brooklyn. The asset features 37,000 square feet and consists of 30 units. A construction loan amount of $23,450,000 was secured through BridgeCity Capital for this property.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $23,450,000
- Loan Type: Construction
- Lender: BridgeCity Capital
- Landlord's Representative: Tom Li - SPR Group LLC
Key individuals involved in this deal include Tom Li, representing the landlord through SPR Group LLC. BridgeCity Capital facilitated the construction loan for this multi-family asset, aimed at supporting further development in the Brooklyn market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,450,000.00
Monthly NOI$156,333.33
Monthly Debt Service$148,219.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions