HKS Real Estate Advisors Refinances Mixed-Use Property In Washington Heights For $7.6M
FINANCED
$7,600,000
New York
See Similar DealsMixed-use41,140 SF
Financed 04/14/2022
FINANCED
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
See Similar DealsMixed-use41,140 SF
Financed 04/14/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$184
Total Square Footage:41,140 SF
Transaction Type:Loan
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,600,000.00
Monthly NOI$50,666.67
Monthly Debt Service$48,037.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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