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Aurora Capital Associates Secures $90M Refinance Loan For Retail Building In Williamsburg, Brooklyn
FINANCED
$90,000,000
New York
See Similar DealsRetail122,740 SF
Financed 09/08/2023
FINANCED
Aurora Capital Associates Secures $90M Refinance Loan For Retail Building In Williamsburg, Brooklyn
193 Berry Street
See Similar DealsRetail122,740 SF
Financed 09/08/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$733
Total Square Footage:122,740 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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