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101 7th Avenue

Ran Eliasaf & Michael Ainbinder Of Northwind Group Provide $10.5 Million Acquisition Loan For 101 7th Avenue
FINANCEDMixed-use

Ran Eliasaf & Michael Ainbinder Of Northwind Group Provide $10.5 Million Acquisition Loan For 101 7th Avenue

101 7th Avenue

$10,500,000

$184/SF

Building Size

56,870 SF

Asset Type

Mixed-use

Closing

Jun 30, 2025

AI

The property asset involved in this transaction is a mixed-use space located at 101 7th Avenue in Chelsea, encompassing a total square footage of 56,870. The loan amount associated with this property is $10,500,000, categorized as an acquisition loan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,500,000
  • Address: 101 7th Avenue
  • Market: Chelsea
  • Lender: Ran Eliasaf & Michael Ainbinder - Northwind Group
  • Landlord: Wolfe Landau
  • Loan Type: Acquisition

This deal is facilitated by the lender Ran Eliasaf and Michael Ainbinder, who represent the Northwind Group. Their expertise in financing includes various loan types such as acquisition, bridge, construction, office to residential, and condo inventory, allowing them to cater to a range of property financing needs.

Players

Northwind Group
Northwind GroupLender

Wolfe Landau

Landlord

$247.6M

vol

10 deals

Landlord

Ran Eliasaf

Northwind Group

Originator

$2.2B

vol

17 deals

Originator

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93