Derby Copeland Capital Closes $6M Loan For Mixed-Use Building In Lenox Hill
1124-1126 3rd Avenue, New York City, New York 10065, United States
$6,000,000
$714/SF
Building Size
8,400 SF
Asset Type
Mixed-use
Closing
Nov 2, 2022
About this deal
AI
The mixed-use buildings located at 1124-1126 Third Avenue in Lenox Hill, Manhattan have been involved in a closed transaction. The buildings have a total square footage of 8,400 and are situated in a prime market area.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,000,000
- Address: 1124-1126 Third Avenue
- Market: Lenox Hill, Manhattan
The loan for this transaction was provided by Derby Copeland Capital, a New York City-based private equity firm specializing in real estate-related debt financing and equity investments. The loan, amounting to $6,000,000, was secured as the first-priority mortgage for the properties. Tran Group acted as the landlord in this deal.
The brokers involved in this transaction were Shamir Seidman, Jonathan Kimiabakhsh, and Daniel Neiss from Meridian Capital. They represented the buyer, seller, or landlord, depending on their individual roles in the deal.
Derby Copeland Capital encourages inquiries for loan, preferred equity, and equity opportunities, which can be sent to [email protected].
On the Map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Jonathan Kimiabakhsh to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93