Updated Nov 2, 2026
Blue Zees Real Estate Secures $9.6 Million Refinance Loan From Dime Commercial Bank In Williamsburg
217 Grand Street
$9,600,000
$444/SF
Building Size
21,586 SF
Asset Type
Special Purpose
Closing
Sep 30, 2026
About this deal
AI
The asset involved in this transaction is a special purpose property located at 217 Grand Street in Williamsburg, Brooklyn. The total square footage of the property is 21,586. A refinancing loan was secured for this property along with three other properties in the area.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $9,600,000
- Address: 217 Grand Street
- Market: Williamsburg, Brooklyn
- Lender: Dime Commercial Bank
- Landlord: Blue Zees Real Estate
- Loan Type: Refinance
Blue Zees Real Estate replaced a previous loan of $9.8 million from OceanFirst Bank with the new refinancing loan secured from Dime Commercial Bank, facilitating improved terms for their portfolio of properties.
On the Map
$9,600,000
$444/SF
Special Purpose
View full map
Players
Grant Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
Loading comparables…
Deal FAQ
Browse Grant special purpose loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93