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
About this deal
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.
On the Map
$10,500,000
$184/SF
Mixed-use
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Players
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