Updated Oct 29, 2024
Urban Standard Capital Provides $8.9M Loan For Mixed-Use Properties In Brooklyn
710 Degraw St, Brooklyn, NY 11217, USA
$8,892,000
$225/SF
Building Size
39,380 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
An $8,892,000 loan was recently secured for a mixed-use property located at 710 Degraw Street, 74 1st Place, 228 Livingston Street, and 302 5th Street in Brooklyn. The property spans 14,166 square feet and is situated in a prime market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,892,000
- Market: Brooklyn
- Address: 710 Degraw Street, 74 1st Place, 228 Livingston Street, 302 5th Street
- Lender: Urban Standard Capital (@USC_NYC)
- Broker: Eric Gleitman
Eric Gleitman, representing the buyer/seller/landlord/tenant, played a key role in facilitating the loan for this transaction.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93