Stabilis Capital Management LP Refinances Mixed-Use Property In New York City For $10.3M
2359 Grand Concourse Bronx, NY 10468, USA
$10,300,000
$344/SF
Building Size
29,914 SF
Asset Type
Mixed-use
Closing
May 24, 2023
About this deal
AI
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.
On the Map
$10,300,000
$344/SF
Mixed-use
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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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93