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130 Wadsworth Avenue, New Y...

HKS Real Estate Advisors Refinances Mixed-Use Property In Washington Heights For $7.6M
FINANCEDMixed-use

HKS Real Estate Advisors Refinances Mixed-Use Property In Washington Heights For $7.6M

130 Wadsworth Avenue, New York City, New York 10033, United States

$7,600,000

$184/SF

Building Size

41,140 SF

Asset Type

Mixed-use

Closing

Apr 13, 2022

AI

The mixed-use property located at 130 Wadsworth Ave. in Washington Heights has recently undergone a refinancing transaction. The property spans an impressive 41,140 square feet and is owned by the Aryeh Family, represented by Josh Aryeh. The deal was facilitated by Max Ralby of HKS Real Estate Advisors who acted as the broker for the transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,600,000
  • Address: 130 Wadsworth Ave.
  • Market: Washington Heights
  • Square Footage: 41,140

This refinancing transaction allowed the Aryeh Family to access funds amounting to $7,600,000. The loan provided the opportunity to optimize their financial strategy while ensuring the stability and growth of their property investment in Washington Heights.

Players

Max Ralby

Newmark

Broker

$3.8B

vol

74 deals

Broker
HKS Real Estate Advisors
HKS Real Estate AdvisorsBrokerage
Josh Aryeh

Josh Aryeh

Heritage Realty

Landlord

$10.6M

vol

3 deals

Landlord

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

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93