BEB Capital Provides $2.5M Loan For Mixed-Use Property On Upper East Side
1315 3rd Ave, New York, NY 10021, USA
$2,500,000
$221/SF
Building Size
11,280 SF
Asset Type
Mixed-use
Closing
Jul 13, 2020
About this deal
AI
Located at 1315 Third Avenue in the Upper East Side, this mixed-use property has recently undergone a closed transaction. The property is situated in a prime location that combines residential and commercial spaces, offering a diverse range of opportunities for investors and tenants alike.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Market: Upper East Side
In this transaction, @BEBCapital served as the lender, providing a loan amount of $2,500,000. Their involvement highlights their confidence in the property's potential and the viability of the deal. The loan provided the necessary funds to facilitate the successful completion of the transaction.
This closed transaction emphasizes the desirability of the property and showcases the collaboration between the buyer, seller, and @BEBCapital as the lender. The completion of this deal showcases the strength of the real estate market in the Upper East Side and reflects the ongoing opportunities for investment in this vibrant neighborhood.
On the Map
$2,500,000
$221/SF
Mixed-use
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93