Maspeth Federal Savings & Loan Association Provides $5.7M Refinance Loan For Tribeca Mixed-Use Property
143 Chambers Street
$5,700,000
$527/SF
Building Size
10,800 SF
Asset Type
Mixed-use
Closing
Dec 16, 2022
AI
A mixed-use property located at 143 Chambers Street in the Tribeca neighborhood of Manhattan has recently undergone a refinancing transaction. The property, with a total square footage of 10,800, is spread across 14,333 buildable square feet. Its prime location in Tribeca makes it a sought-after asset in the market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $5,700,000
- Address: 143 Chambers Street
- Market: Tribeca, Manhattan
- Buildable Square Footage: 14,333
- Total Square Footage: 10,800
Maspeth Federal Savings & Loan Association, represented by Lisa J. Masone, has provided the loan for this refinancing deal. The loan amount totals $5,700,000. Maguire Capital Group, led by Marvin Azrak, acts as the landlord of the property. The transaction marks a significant step for both the lender and the landlord, providing them with favorable financial terms and ensuring the stability and future success of the property.
Players
Sydney Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93