JLL Brokers Secure $27.5M Acquisition Loan For Mixed-Use Properties In Manhattan And Brooklyn
165 Eldridge Street
$27,500,000
Building Size
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Asset Type
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Closing
Jul 7, 2022
AI
The mixed-use property located at 165 Eldridge St. in Manhattan and 68 Richardson St. in Brooklyn has been involved in a closed transaction. Spanning a total area of 62,500 square feet, this property boasts a unique combination of residential and commercial spaces. The transaction was facilitated by JLL brokers Max Herzog, Marko Kazanjian, and Andrew Cohen.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $27,500,000
- Lender: IDBNY - Jeremy Romine
- Landlord: Marble Hill Capital Partners - Meng Lee & Karim Elsayyad
- Brokers: Max Herzog, Marko Kazanjian, and Andrew Cohen - JLL
Jeremy Romine from IDBNY provided a loan amounting to $27,500,000 for the acquisition of this property. As for the landlord, Marble Hill Capital Partners, it is represented by Meng Lee and Karim Elsayyad.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93