Newmark Brokers $53M Loan For Mixed-Use Properties In Greenwich Village & East Village
FINANCED
$53,000,000
+ 1
New York
See Similar DealsMixed-use3,380 SF
Financed 09/18/2021
FINANCED
Newmark Brokers $53M Loan For Mixed-Use Properties In Greenwich Village & East Village
103-105 MacDougal Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use3,380 SF
Financed 09/18/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$15,680
Total Square Footage:3,380 SF
Transaction Type:Loan
The property asset involved in this closed transaction is a mixed-use building located at 103-105 Macdougal Street & 426-420 E. 14th St. in Greenwich Village & East Village. The transaction took place in September 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Loan Amount: $53,000,000
- Address: 103-105 Macdougal Street & 426-420 E. 14th St.
- Market: Greenwich Village & East Village
The lender for this transaction was Sterling National Bank. The property is owned by Davean Holdings represented by Sean Lefkovits, David Lloyd, and Meadow Partners represented by Jeffrey M. Kaplan. The brokers involved in this deal were Dustin Stolly, Jordy Roeschlaub, Eden Abraham, and Daniel Fromm from Newmark.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,000,000.00
Monthly NOI$353,333.33
Monthly Debt Service$334,996.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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