Updated Dec 21, 2023
Northmarq Arranges $50M Refinance Loan For 83-Unit Multifamily Property In Williamsburg, NYC
76 North 4th Street, Brooklyn, New York 11249, United States
$50,000,000
Units
83
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 76 N. 4th St. in Williamsburg. It consists of 83 units and is situated in the Williamsburg market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Loan Type: Refinance
- Loan Terms: five-year term with 2 years of interest-only payments followed by a 30-year amortization schedule
- Broker: Robert Ranieri - Northmarq
The loan amount for this transaction was $50,000,000. It was a refinance loan with a five-year term. The loan terms included two years of interest-only payments followed by a 30-year amortization schedule. The transaction was facilitated by Robert Ranieri from Northmarq.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Ranieri to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93