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153 Berry Street

Sheridan Capital Provides $4.7M Bridge Loan For 153 Berry Street, Williamsburg Retail
FINANCEDRetail

Sheridan Capital Provides $4.7M Bridge Loan For 153 Berry Street, Williamsburg Retail

153 Berry Street

$4,700,000

Building Size

Asset Type

Retail

Closing

Jun 10, 2024

AI

The property at 153 Berry Street in Williamsburg, Brooklyn, was involved in a recent transaction. The asset, a retail space, secured a bridge loan amounting to $4,700,000 from Sheridan Capital. Avi Eyal from FM Capital represented the deal as the broker.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,700,000
  • Address: 153 Berry Street
  • Market: Williamsburg, Brooklyn
  • Lender: Sheridan Capital
  • Broker: Avi Eyal - FM Capital

Avi Eyal played a key role in securing the bridge loan for the retail space at 153 Berry Street. The involvement of Sheridan Capital in providing the financial assistance highlights the significance of the deal in the Williamsburg market. This transaction signifies a strategic move benefiting both the borrower and the lender.

Players

Avi Eyal

TrueCap

Broker

$140.1M

vol

13 deals

Broker
Sheridan Capital
Sheridan CapitalLender

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93