Hirshmark Capital Provides $3.85M Bridge Loan For Mixed-Use Property In New York City
154 Chambers Street
$3,850,000
$481/SF
Building Size
8,000 SF
Asset Type
Mixed-use
Closing
Jan 11, 2023
About this deal
AI
A mixed-use property located at 154 Chambers Street in New York City has recently undergone a closed transaction. The property spans approximately 8,000 square feet and features a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,850,000
- Address: 154 Chambers Street
- Market: New York City
- Lender: Hirshmark Capital - Bert R. Dweck
- Landlord: David Shusterman
- Loan Type: Bridge
The lender involved in this transaction is Hirshmark Capital, represented by Bert R. Dweck. The loan amount for the deal was $3,850,000 and it was categorized as a bridge loan.
Note: No additional information is available regarding this closed transaction.
Players
New York City 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93