Douglas Eisenberg Acquires Mixed-Use Property On Upper East Side For $72.6M
FINANCED
$72,635,223
New York
See Similar DealsMixed-use123,524 SF
Financed 08/18/2021
FINANCED
Douglas Eisenberg Acquires Mixed-Use Property On Upper East Side For $72.6M
1543 2nd Avenue, Manhattan, New York, NY, USA
See Similar DealsMixed-use123,524 SF
Financed 08/18/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$588
Total Square Footage:123,524 SF
Transaction Type:Loan
The mixed-use property located at 1543 2nd Avenue in the Upper East Side of New York City has recently undergone a closed transaction. The property spans a total area of 123,524 square feet and comprises 110 units. The transaction took place on 08/18/2021.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $72,635,223
- Address: 1543 2nd Avenue
- Market: Upper East Side
- Square Footage: 123,524
- Units: 110
The lender involved in this transaction was Mesa West Capital. The landlord of the property is Douglas Eisenberg, who represents A&E Real Estate Holdings.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,635,223.00
Monthly NOI$484,234.82
Monthly Debt Service$459,104.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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