CUR Capital Provides $32M Loan For Mixed-Use Property In Midtown Manhattan
121 East 47th Street, Manhattan, New York, NY, USA
$32,000,000
$8,281/SF
Building Size
3,864 SF
Asset Type
Mixed-use
Closing
Dec 30, 2020
About this deal
AI
Located at 121 East 47th Street in Midtown Manhattan, this mixed-use property was involved in a recent transaction. The loan amount for this deal was $32,000,000. The lender for the transaction was CUR Capital (City Urban Realty), represented by Michael Alvandi. The property is owned by Suzanne De Lima.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $32,000,000
- Lender: CUR Capital (City Urban Realty) - Michael Alvandi
- Landlord: Suzanne De Lima
- Address: 121 East 47th Street
- Market: Midtown Manhattan
The key individuals involved in this transaction were Michael Alvandi, who represented CUR Capital as the lender's representative, and Suzanne De Lima, the property's landlord.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93