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76 North 8th Street, Brookl...

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

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

76 North 8th Street, Brooklyn, New York 11249, United States

$6,300,000

$747/SF

Building Size

8,425 SF

Asset Type

MultiFamily

Closing

Oct 5, 2022

AI

Urban Standard Capital has provided a construction loan in the amount of $6,300,000 for a multifamily property located at 76 N 8th Street in Williamsburg. The property has a total square footage of 8,425 and consists of 3 units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Address: 76 N 8th Street
  • Market: Williamsburg
  • Square Footage: 8,425
  • Number of Units: 3

The loan was facilitated by Seth Weissman, Bean, Sam Hollander, and Charlie Brosens from Urban Standard Capital. 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93