Derby Copeland Capital Provides $17M Loan For Acquisition Of 145 2nd Avenue In East Village
145 2nd Avenue
$17,000,000
$670/SF
Building Size
25,340 SF
Asset Type
Mixed-use
Closing
Jun 10, 2025
About this deal
AI
A mixed-use property located at 145 2nd Avenue in the East Village has been involved in a loan transaction. The asset spans 25,340 square feet and has been financed for an acquisition loan amount of $17,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,000,000
- Address: 145 2nd Avenue
- Market: East Village
- Lender: Derby Copeland Capital
- Landlord: Parke Leatherman - Lockhill Properties
- Loan Type: Acquisition
Derby Copeland Capital managed the loan process for this transaction. Parke Leatherman represents Lockhill Properties in this deal, emphasizing the collaboration between the lender and the landlord to facilitate the acquisition and renovation financing.
On the Map
$17,000,000
$670/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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93