Updated Oct 28, 2024
UNFCU Provides $20M Refinance Loan For Multifamily Property In Williamsburg, Brooklyn
70 Havemeyer Street, Brooklyn, New York 11211, United States
$20,000,000
$476/SF
Building Size
42,000 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 70 Havemeyer Street in Williamsburg, Brooklyn. It spans across approximately 42,000 square feet. The loan transaction took place on 03/11/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Market: Williamsburg, Brooklyn
- Lender: UNFCU
- Landlord: Double U Realty
- Broker: Max Ralby - HKS Real Estate Advisors
The loan amount for this transaction was $20,000,000. It was a refinance loan provided by UNFCU. Max Ralby from HKS Real Estate Advisors represented the buyer in this deal, while Double U Realty acted as the landlord.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93