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322 E. 79th St.

Updated Dec 19, 2023

Hirshmark Capital Provides $2M Acquisition Loan For Multifamily Property On Upper East Side
SOLD

Hirshmark Capital Provides $2M Acquisition Loan For Multifamily Property On Upper East Side

322 E. 79th St.

Building Size

Asset Type

Closing

Jul 1, 2022

About this deal

AI

The multifamily property located at 322 E. 79th St. in the Upper East Side of Manhattan has been involved in a recent closed transaction. This property spans approximately 6,500 square feet and was acquired by the landlord, Hank Hsu. The deal was facilitated by the broker, Bert Dweck, representing Hirshmark Capital. No additional details were provided about the property itself.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Loan Type: Acquisition
  • Lender: Hirshmark Capital
  • Landlord: Hank Hsu
  • Broker: Bert Dweck - Hirshmark Capital

This transaction involved a loan amount of $2,000,000 provided by the lender, Hirshmark Capital. The loan type for this acquisition deal was not specified. Bert Dweck, representing Hirshmark Capital, acted as the broker in this transaction. No additional information was provided regarding the individuals or companies involved in this deal.

Players

Hank Hsu

Landlord

$5.5M

vol

3 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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