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1315 3rd Ave, New York, NY ...

BEB Capital Provides $2.5M Loan For Mixed-Use Property On Upper East Side
FINANCEDMixed-use

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

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.

Players

BEB Capital
BEB Capital Lender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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