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202 East 23rd Street, New Y...

Evan Pariser LL Capital Markets Secures $56M Loan For Gramercy Park Mixed-Use Property
FINANCEDMixed-use

Evan Pariser LL Capital Markets Secures $56M Loan For Gramercy Park Mixed-Use Property

202 East 23rd Street, New York, NY 10010

$56,000,000

$22,400/SF

Building Size

2,500 SF

Asset Type

Mixed-use

Closing

Jul 1, 2020

AI

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.

Players

Evan Pariser

JLL

Broker

$2.2B

vol

14 deals

Broker
Bank Leumi
Bank LeumiLender

Samy Mahfar

SMA Equities

Landlord

$295M

vol

10 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93