JLL Brokers Secure $27.5M Acquisition Loan For Mixed-Use Properties In Manhattan And Brooklyn
165 Eldridge Street
$27,500,000
Building Size
—
Asset Type
—
Closing
Jul 7, 2022
About this deal
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.
On the Map
$27,500,000
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Players
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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