Northeast Bank Provides $7.5M Refinance Loan For Williamsburg Retail Property

The property involved in this transaction is a retail space located at 107 North 6th Street in Williamsburg, Brooklyn. The property spans 3,383 square feet and is owned by Michael Alvandi and Harry Hochman of City Urban Realty. The loan transaction is a refinance. Northeast Bank provided a loan amount of $7,500,000 to the owners.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,500,000
• Address: 107 North 6th Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Landlord: Michael Alvandi & Harry Hochman - City Urban Realty

The individuals involved in this deal are Michael Alvandi and Harry Hochman, who represent City Urban Realty as the landlords of the property.