Aurora Capital Associates Secures $90M Refinance Loan For Retail Building In Williamsburg, Brooklyn
193 Berry Street
$90,000,000
$733/SF
Building Size
122,740 SF
Asset Type
Retail
Closing
Sep 8, 2023
AI
The retail building located at 193 Berry Street in Williamsburg, Brooklyn has secured a $90 million refinance loan. The property, with a total square footage of 122,740, is owned by Robert Cayre of Aurora Capital Associates.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90,000,000
- Address: 193 Berry Street
- Market: Williamsburg, Brooklyn
The loan, provided by Jeffrey Horowitz of Apollo Global Management, will allow Aurora Capital Associates to refinance the retail building at 193 Berry Street. This transaction was represented by Cab Bedford LLC, serving as Aurora Capital Associate's broker representative.
Players
North Andover 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93