Updated Jan 2, 2025
Roey Realty Refinances Multifamily Property In Williamsburg For $3.18M
Williamsburg, New York City, New York, United States
$3,180,000
Units
14
Asset Type
MultiFamily
Closing
Jun 27, 2022
About this deal
AI
The multifamily property located in Williamsburg has been involved in a recent transaction. The property consists of 14 units and is situated in a market known for its vibrant atmosphere.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,180,000
- Date: 06/28/2022
- Market: Williamsburg
- Asset Type: Multifamily
- Units: 14
The loan for this property was provided by Roey Realty. The loan amount for the transaction was $3,180,000, and it was a refinance loan. The loan terms included a 5-year fixed rate.
The landlord involved in this transaction is Dov Glick. The broker representing the deal was Esti Broyde from Roey Realty.
Players
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
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93