Northwind Group Provides $5M Condo Inventory Loan For @570BroomeSt In SoHo
570 Broome Street, New York, NY, USA
$5,000,000
$3,248/SF
Building Size
1,539 SF
Asset Type
—
Closing
Mar 25, 2021
About this deal
AI
Located in SoHo, @570BroomeSt recently closed a residential condominium transaction. The property, represented by Ran Eliasaf of Northwind Group, was financed with a $5,000,000 loan provided by Northwind Group. The loan, categorized as a Condo Inventory loan type, facilitated the successful completion of this transaction. Agime Group served as the landlord in this deal.
Summary of transaction details:
- Property Type: Residential Condominium
- Transaction Amount: $5,000,000
- Lender: Northwind Group - Ran Eliasaf
- Landlord: Agime Group
For further information and potential loan opportunities, interested parties can reach out to [email protected].
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93