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76 N 8th St, Brooklyn, NY 1...

Urban Standard Capital Provides $6.3M Construction Loan For Multifamily Property In Williamsburg
FINANCEDMultiFamily

Urban Standard Capital Provides $6.3M Construction Loan For Multifamily Property In Williamsburg

76 N 8th St, Brooklyn, NY 11249, USA

Building Size

8,425 SF

Asset Type

MultiFamily

Closing

Oct 6, 2022

AI

A construction loan of $6,300,000 has been secured for a multifamily property located at 76 N 8th Street in the Williamsburg market. The property spans 8,425 square feet and consists of 3 units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Square Footage: 8,425
  • Units: 3
  • Market: Williamsburg

The construction loan was provided by Urban Standard Capital, with Sam Hollander, Charlie Brosens, Seth Weissman, and Bean representing the lender.

For new debt opportunities, interested parties can reach out to Sam Hollander at [email protected] or Charlie Brosens at [email protected].

Players

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93