Flushing Bank Provides $3.5M Loan For Mixed-Use Property In Kips Bay
FINANCED
$3,500,000
New York
See Similar DealsMixed-use4,685 SF
Financed 07/30/2021
FINANCED
Flushing Bank Provides $3.5M Loan For Mixed-Use Property In Kips Bay
201 East 26th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use4,685 SF
Financed 07/30/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$747
Total Square Footage:4,685 SF
Transaction Type:Loan
A mixed-use property located at 201 East 26th Street in Kips Bay has been involved in a recent transaction. The property, with an address specified, is part of the real estate market in Kips Bay.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
The loan for this transaction was provided by Flushing Bank. The landlord involved in the deal is Cypress Capital Group. The brokers responsible for representing the parties involved in the transaction are Justin Horowitz and Jeff Horowitz from CooperHorowitz LLC.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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