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
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.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
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