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193 Berry Street

Aurora Capital Associates Secures $90M Refinance Loan For Retail Building In Williamsburg, Brooklyn
FINANCEDRetail

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

Apollo Bank
Apollo BankLender

Bobby Cayre

Aurora Capital Associates

Landlord

$981.4M

vol

12 deals

Landlord

North Andover Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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