Updated Oct 29, 2024
Signature Bank Provides $9M Loan For Multifamily Property Acquisition In Williamsburg
326 Bedford Ave, Brooklyn, NY 11249, USA
$9,000,000
$35/SF
Building Size
251,780 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
About this deal
AI
The multifamily property located at 326 Bedford Ave in Williamsburg has been involved in a loan transaction. The lender for this transaction is Signature Bank.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 326 Bedford Ave
- Market: Williamsburg
- Units: 32
- Square Footage: 25,178
The landlord associated with this property is City Urban Realty, represented by Michael Alvandi. The loan amount for this transaction is $9,000,000.
The multifamily loan at 326 Bedford Ave, Brooklyn, NY 11249, USA in New York, New York financed for $9M in 2020. Reported inventory is 251,780 square feet across 32 units, or about 35 per square foot. Named participants on the 326 Bedford Ave, Brooklyn, NY 11249, USA loan are Michael Alvandi. This page is the New York, New York file for the 326 Bedford Ave, Brooklyn, NY 11249, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 326 Bedford Ave, Brooklyn, NY 11249, USA around 2020. Published consideration for 326 Bedford Ave, Brooklyn, NY 11249, USA is $9M, dated 2020. Cite this Signature Bank Provides $9M Loan For Multifamily Property Acquisition In Williamsburg loan when underwriting similar multifamily product around New York, New York.
On the Map
$9,000,000
$35/SF
MultiFamily
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93