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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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