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Northwind Group Provides $10.3M Loan For Mixed-Use Property On Manhattan Avenue

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FINANCED
$10,300,000

New York

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Mixed-use10,063 SF
Financed 10/05/2021
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Property Image
FINANCED

Northwind Group Provides $10.3M Loan For Mixed-Use Property On Manhattan Avenue

996 Manhattan Avenue

See Similar Deals
Mixed-use10,063 SF
Financed 10/05/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,023
Total Square Footage:10,063 SF
Transaction Type:Loan

A mixed-use property comprising of a residential condominium and retail space located at 996 Manhattan Avenue in Greenpoint was recently involved in a closed transaction. The property spans a total area of 10,063 square feet.

Summary of transaction details:

  • Property Type: Mixed-Use (Residential Condominium + Retail)
  • Transaction Amount: $10,300,000
  • Address: 996 Manhattan Avenue, Greenpoint
  • Market: Greenpoint
  • Lender: Northwind Group - Ran Eliasaf & Gabriel Hamani
  • Landlord: Redhoek + Partners - Lee Cohen
  • Loan Type: Refinance
  • Loan Terms: Construction Completion / Condo Inventory Loan

The financing for this transaction was provided by Northwind Group, with Ran Eliasaf and Gabriel Hamani representing the lender. The landlord, Redhoek + Partners, was represented by Lee Cohen. The loan amount for the refinance was $10,300,000, with specific terms related to construction completion and condo inventory.

For further opportunities, interested parties can contact Northwind Group through email at [email protected].

Players

LENDER

Lee Cohen
25 deals$299M volume
LANDLORD


Lee Cohen
25 deals$299M volume
LANDLORD

Lee Cohen
25 deals$299M volume
LANDLORD

Lee Cohen
25 deals$299M volume
LANDLORD

Lee Cohen
25 deals$299M volume
LANDLORD

Details

FINANCED
IMAGE: Ran Eliasaf, Gabriel Hamani & Lee Cohen DATE: 10/05/2021 ADDRESS: 996 Manhattan Avenue MARKET: Greenpoint ASSET TYPE: Mixed-Use (Residential Condominium + Retail) SF: 10,063 LENDER: Northwind Group - Ran Eliasaf & Gabriel Hamani LANDLORD: @Redhoek + Partners - Lee Cohen (@TheLeeCohen) LOAN AMOUNT: $10,300,000 LOAN TYPE: Refinance LOAN TERMS: Construction Completion / Condo Inventory Loan NOTE FROM NORTHWIND GROUP: Please contact 📧 [email protected] with opportunities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,300,000.00

Monthly NOI$68,666.67
Monthly Debt Service$65,103.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00