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F&K Properties Management Refinances Medical Office At 589 11th Avenue For $5.6M
FINANCED
$5,600,000
New York
See Similar DealsMedical Office
Financed 06/10/2025
FINANCED
F&K Properties Management Refinances Medical Office At 589 11th Avenue For $5.6M
589 11th Avenue
See Similar DealsMedical Office
Financed 06/10/2025
Summary
NEW YORK
Asset Type:Medical Office
Transaction Type:Loan
The asset involved in the transaction is a medical office located at 589 11th Avenue in Hell’s Kitchen, Manhattan. The property was refinanced with a loan amount of $5,600,000 provided by Hudson Valley Credit Union, replacing prior debt from Gazivoda Realty.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,600,000
- Lender: Hudson Valley Credit Union
- Landlord: Fation Syla - F&K Properties Management
- Loan Type: Refinance
- Date of Transaction: 06/10/2025
- Market: Hell’s Kitchen, Manhattan
F&K Properties Management, represented by Fation Syla, successfully secured refinancing for the property, facilitating the transition of the loan from Gazivoda Realty to Hudson Valley Credit Union.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,600,000.00
Monthly NOI$37,333.33
Monthly Debt Service$35,395.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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