facebook
Traded Co logo
Submit

Meridian Capital Group Brokers $5.12M Acquisition Loan For Mixed-use Property In East Village, Manhattan

Property Image
FINANCED
$5,120,000

New York

See Similar Deals
Mixed-use10,674 SF
Financed 10/06/2023
the dealplayerscompscontact
Property Image
FINANCED

Meridian Capital Group Brokers $5.12M Acquisition Loan For Mixed-use Property In East Village, Manhattan

171 1st Avenue

See Similar Deals
Mixed-use10,674 SF
Financed 10/06/2023
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$479
Total Square Footage:10,674 SF
Transaction Type:Loan

Tamir Kazaz, Morris Betesh, and Jack McPhail of Meridian Capital Group represented the parties involved in the acquisition loan transaction for a mixed-use property located at 171 1st Avenue in the East Village, Manhattan. The property consists of four apartments and one commercial restaurant, totaling approximately 10,674 square feet.

Summary of transaction details

  • Property Type: Mixed-use (4 Apartments & 1 Commercial Restaurant)
  • Transaction Amount: $5,120,000
  • Loan Type: Acquisition

The brokers from Meridian Capital Group, Tamir Kazaz, Morris Betesh, and Jack McPhail, played a key role in facilitating the loan process and representing the parties involved in the transaction. Their expertise and negotiation skills contributed to the successful acquisition of the property at 171 1st Avenue.

Players

Morris Betesh
211 deals$12.3B volume(646) 825-7005
BROKER

Tamir Kazaz
Meridian Capital Group
7 deals$1.3B volume
BROKER

Jack McPhail
Arrow Real Estate Advisors
24 deals$1.1B volume
BROKER

Details

FINANCED
IMAGE: Tamir Kazaz, Morris Betesh & Jack McPhail DATE: 10/06/2023 ADDRESS: 171 1st Avenue MARKET: East Village, Manhattan ASSET TYPE: Mixed-use (4 Apartments & 1 Commercial Restaurant) ~ SF: 10,674 BROKERS: Tamir Kazaz, Morris Betesh & Jack McPhail (@JackMcphail987) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $5,120,000 LOAN TYPE: Acquisition

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,120,000.00

Monthly NOI$34,133.33
Monthly Debt Service$32,361.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00