UNFCU Provides $20M Refinance Loan For Multifamily Property In Williamsburg, Brooklyn
FINANCED
$20,000,000
New York
See Similar DealsMultiFamily42,000 SF
Financed
FINANCED
UNFCU Provides $20M Refinance Loan For Multifamily Property In Williamsburg, Brooklyn
70 Havemeyer Street, Brooklyn, New York 11211, United States
See Similar DealsMultiFamily42,000 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$476
Total Square Footage:42000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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