Evan Pariser LL Capital Markets Secures $56M Loan For Gramercy Park Mixed-Use Property
FINANCED
$56,000,000
New York
See Similar DealsMixed-use2,500 SF
Financed 07/01/2020
FINANCED
Evan Pariser LL Capital Markets Secures $56M Loan For Gramercy Park Mixed-Use Property
202 East 23rd Street, New York, NY 10010
See Similar DealsMixed-use2,500 SF
Financed 07/01/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$22,400
Total Square Footage:2,500 SF
Transaction Type:Loan
Located at 202 East 23rd Street in the Gramercy Park market, this mixed-use property consists of 108 units. The transaction involved a loan amount of $56,000,000 and the lender involved was Bank Leumi USA. The landlord of the property is SMA Equities, represented by Samy Mahfar. The deal was facilitated by broker Evan Pariser of LL Capital Markets.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $56,000,000
- Address: 202 East 23rd Street
- Market: Gramercy Park
- Units: 108
The key individuals and companies involved in this transaction include Samy Mahfar from SMA Equities as the landlord and Evan Pariser from LL Capital Markets as the broker. These individuals played a crucial role in facilitating the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,000,000.00
Monthly NOI$373,333.33
Monthly Debt Service$353,958.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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