facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

24 East 81st Street

JBA Equities Refinances Mixed-Use Properties In Upper East Side & Soho For $14.5M
FINANCEDMixed-use

JBA Equities Refinances Mixed-Use Properties In Upper East Side & Soho For $14.5M

24 East 81st Street

$14,500,000

Building Size

Asset Type

Mixed-use

Closing

Oct 25, 2022

AI

The recently closed property transaction involved two mixed-use properties located at 24 East 81st Street in the Upper East Side and 70 Wooster St. in Soho, Manhattan. The transaction took place on October 25, 2022.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $14,500,000
  • Loan Type: Refinance
  • Loan Terms: 5 Years, 4.5% rate, 5 Years Interest Only

The transaction was facilitated by brokers Jonathan Aghravi, Tim Cox, and Evan Srebrenik of JBA Equities LLC. They represented the parties involved in the deal.

For any inquiries regarding this transaction, interested parties can contact JBA Equities at [email protected] or by phone at 212-246-4207.

Players

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

49 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93