JBA Equities Refinances Mixed-Use Properties In Upper East Side & Soho For $14.5M
FINANCED
$14,500,000
+ 1
New York
See Similar DealsMixed-use
Financed 10/25/2022
FINANCED
JBA Equities Refinances Mixed-Use Properties In Upper East Side & Soho For $14.5M
24 East 81st Street
See Similar DealsMixed-use
Financed 10/25/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,500,000.00
Monthly NOI$96,666.67
Monthly Debt Service$91,649.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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