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
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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