Urban Standard Capital Provides $8.9M Loan For Mixed-Use Properties In Brooklyn
FINANCED
$8,892,000
+ 1
New York
See Similar DealsMultiFamily39,380 SF
Financed 06/19/2020
FINANCED
Urban Standard Capital Provides $8.9M Loan For Mixed-Use Properties In Brooklyn
710 Degraw St, Brooklyn, NY 11217, USA
See Similar DealsMultiFamily39,380 SF
Financed 06/19/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:39,380 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,892,000.00
Monthly NOI$59,280.00
Monthly Debt Service$56,203.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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