Updated Feb 21, 2025
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
About this deal
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].
On the Map
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
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