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
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