Newmark Brokers $53M Loan For Mixed-Use Properties In Greenwich Village & East Village
103-105 MacDougal Street, Manhattan, New York, NY, USA
$53,000,000
$15,680/SF
Building Size
3,380 SF
Asset Type
Mixed-use
Closing
Sep 17, 2021
AI
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
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93