FINANCEDMultiFamily
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
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.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93