Updated Feb 16, 2024
Greystone & Co. Provides $26M Refinance Loan For Multifamily Property In Williamsburg
55 Roebling Street, Williamsburg, Brooklyn, NY, USA
$26,040,000
$428/SF
Building Size
60,755 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The multifamily property located at 55 Roebling Street in Williamsburg was recently involved in a refinancing transaction. The property spans approximately 60,755 square feet and consists of 53 units. The loan amount for the refinance was $26,040,000. The lender for this transaction was greystone''>Greystone & Co., while the landlord is Isaac Schwartz.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $26,040,000
- Address: 55 Roebling Street
- Market: Williamsburg
- Number of Units: 53
As part of the refinancing deal for the property at 55 Roebling Street, Greystone & Co. provided the loan in the amount mentioned earlier. Isaac Schwartz, as the landlord, was involved in the transaction.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93