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
About this deal
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.
On the Map
$14,500,000
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
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