Hirshmark Capital Provides $4.5M Loan For Financial District Retail Condo And Quogue SFR
20 West Street, Manhattan, New York, NY, USA
$4,500,000
$323/SF
Building Size
13,928 SF
Asset Type
—
Closing
Oct 7, 2020
About this deal
AI
Located in the Financial District and Quogue, this closed property transaction involves a package loan for a single-family residence (SFR) and a retail condo. The address of the property is 20 West Street (Retail Condo) & 90 Dune Rd.
Summary of transaction details
- Property Type: Package Loan (SFR & Retail condo)
- Transaction Amount: $4,500,000
- Market: Financial District, Quogue
The lender for this transaction is Hirshmark Capital, while the landlord is Remington Douglass. Representing the deal is Igor Vaysberg from the brokerage agency.
On the Map
$4,500,000
$323/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93