Updated Nov 28, 2024
Urban Standard Capital Provides $5.9M Loan For Multifamily Property In Brooklyn
764 Union Street, Brooklyn, NY, USA
$5,900,000
$1,123/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Nov 11, 2020
About this deal
AI
A loan has been secured for a multifamily property transaction in Brooklyn. The property is located at 764 Union Street & 419 16th Street. The transaction took place on November 12, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Market: Brooklyn
The lender involved in this transaction is Urban Standard Capital (@USC_NYC). They provided a loan amount of $5,900,000.
For any bridge lending needs or equity opportunities, you can contact Charlie Brosens at [email protected] or Sam Hollander at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93