FINANCED
Abe Cohen And Steven Rosenberg Secure $16.95M Loan For Mixed-Use 3 Bldg Package In Manhattan
119 Baxter, 110 Madison, 33 Henry
Mixed-use
33,480 SF
33,480 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
33,480 sqft
Abe Cohen and Steven Rosenberg, in partnership with Mctaggart Family & Partners, have acquired a mixed-use three-building package in Manhattan. The properties, located at 119 Baxter, 110 Madison, and 33 Henry, will undergo renovation and lease up. The total square footage of the package is 33,480.
Summary of transation details
- Property Type: Mixed-use 3 Bldg Package
- Transaction Amount: $16,950,000
- Lender: Capital Source
- Loan Amount: $16,950,000
- Landlord: Abe Cohen and Steven Rosenberg in partnership with Mctaggart Family & Partners
- Broker: Ayush Kapahi - HKS
- SF: 33,480
The acquisition of the mixed-use three-building package in Manhattan was made possible through a non-recourse loan provided by Capital Source. The thirty-six-month loan, in the amount of $16,950,000, will support the acquisition, renovation, lease up, and stabilization of the properties.
Players
Details
FINANCED
IMAGE: Steven Rosenberg, Abe Cohen and Ayush Kapahi
DATE: 12/18/2018
ADDRESSES: 119 Baxter, 110 Madison, 33 Henry
MARKET: Manhattan
ASSET TYPE: Mixed-use 3 Bldg Package
LENDER: Capital Source
LANDLORD: Abe Cohen and Steven Rosenberg in partnership with Mctaggart Family & Partners
BROKER: Ayush Kapahi - HKS
LOAN AMOUNT: $16,950,000
SF: 33,480
NOTES: The thirty-six month, non-recourse loan will be used to bridge the properties from acquisition and renovation through lease up and stabilization.View on map
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Address119 Baxter, 110 Madison, 33 Henry
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