Stabilis Capital Management LP Refinances Mixed-Use Property In New York City For $10.3M
FINANCED
$10,300,000
New York
See Similar DealsMixed-use29,914 SF
Financed 05/25/2023
FINANCED
Stabilis Capital Management LP Refinances Mixed-Use Property In New York City For $10.3M
2359 Grand Concourse Bronx, NY 10468, USA
See Similar DealsMixed-use29,914 SF
Financed 05/25/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$344
Total Square Footage:29,914 SF
Transaction Type:Loan
The mixed-use property located at 2359 Grand Concourse in New York City has undergone a loan refinance transaction. The property spans across 29,914 square feet and is owned by Alexis Baez. The loan amount for this transaction was $10,300,000.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $10,300,000
- Address: 2359 Grand Concourse
- Market: New York City
- Landlord: Alexis Baez
The loan refinance was facilitated by Stabilis Capital Management LP. Vincent Troisi and Joseph Gega from USA Capital Inc acted as the brokers in this transaction.
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Deal Type
30 years
10 years
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
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