Calmwater Capital Provides $60M Loan For Williamsburg Retail Property
143-157 Roebling Street, Williamsburg, Brooklyn, NY, USA
$60,000,000
$573/SF
Building Size
104,661 SF
Asset Type
Retail
Closing
Sep 2, 2019
About this deal
AI
143-157 Roebling & 1-19 Hope Streets in Williamsburg, Brooklyn has been involved in a recent closed transaction. The property is a retail asset, and the deal took place on 09/03/2019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60,000,000
- Lender: Calmwater Capital
- Landlord: RedSky Capital - Ben Bernstein
- Brokers: AKS Capital Partners - Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz
The lenders, Calmwater Capital, provided a loan of $60,000,000 for the transaction. The property was leased by RedSky Capital, represented by Ben Bernstein. AKS Capital Partners, specifically Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz, acted as the brokers in this deal.
On the Map
$60,000,000
$573/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Keith Kurland to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93