Updated Dec 5, 2025
Joel Fried Secures $6.9M Refinance Loan From Berkadia For Multifamily Property In Williamsburg
483 Driggs Avenue
$6,900,000
$1,017/SF
Building Size
6,779 SF
Asset Type
MultiFamily
Closing
Nov 19, 2025
About this deal
AI
The property asset involved in this transaction is a nine-unit residential walkup located at 483 Driggs Avenue in Williamsburg, Brooklyn. It has a building size of 7,500 square feet and a total square footage of 6,779 square feet. The transaction pertains to a refinance loan amounting to $6,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Lender: Berkadia Commercial Mortgage
- Landlord: Joel Fried
- Loan Type: Refinance
In this transaction, Joel Fried, through 483 Driggs LLC, is recognized for securing the refinance loan. Berkadia Commercial Mortgage is the lending institution involved in this deal.
On the Map
$6,900,000
$1,017/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Joel Fried to view all their deals.
Browse Brooklyn multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93