Valley Bank Provides $7M Acquisition Loan For Development Site On West 44th Street In Midtown Manhattan
FINANCED
$7,000,000
New York
See Similar DealsDevelopment Site31,500 SF
Financed 03/04/2022
FINANCED
Valley Bank Provides $7M Acquisition Loan For Development Site On West 44th Street In Midtown Manhattan
346-350 West 44th Street, New York City, New York 10036, United States
See Similar DealsDevelopment Site31,500 SF
Financed 03/04/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$222
Total Square Footage:31,500 SF
Transaction Type:Loan
The development site located at 346-350 West 44th Street in Midtown has been involved in a closed transaction. The property is a development site with a buildable square footage (BSF) of 31,500. The transaction details include:
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Loan Type: Acquisition Loan
- Lender: Valley Bank
- Broker: Max Ralby - HKS Real Estate Advisors
The loan for the transaction was provided by Valley Bank. The loan amount is $7,000,000 and it is an acquisition loan. Max Ralby from HKS Real Estate Advisors acted as the broker in the deal.
Players
BROKERAGE
LENDER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions