Adam Savell Of Corigin Real Estate Provides $4.3 Million Refinance Loan For Mixed-use Property
22 East 81st Street
$4,300,000
$632/SF
Building Size
6,800 SF
Asset Type
Mixed-use
Closing
Aug 20, 2025
AI
The property asset involved is a mixed-use building located at 22 East 81st Street in the Upper East Side. It encompasses a total square footage of 6,800 and consists of 6 units. The loan amount secured for this property is $4,300,000, which is a refinance deal.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- Asset Square Footage: 6,800
- Units: 6
- Address: 22 East 81st Street
- Market: Upper East Side
- Lender: Adam Savell - Corigin Real Estate
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
- Analyst: Max Rubinchik - HKS Real Estate Advisors
- Loan Type: Refinance
Key individuals involved in this transaction include Daniel Kowalsky from HKS Real Estate Advisors, who acted as the broker, and Max Rubinchik, also from HKS Real Estate Advisors, serving as the analyst for the deal. Adam Savell represented Corigin Real Estate as the lender, facilitating the financing for the refinance of the mixed-use property.
Players
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93