Hirshmark Capital Provides $2.7M Bridge Loan For Mixed-Use Property At 240 East 58th Street In NYC
240 E 58th St New York, NY 10022, USA
$2,700,000
$450/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Jun 7, 2023
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 240 East 58th Street in New York City. It spans approximately 6,000 square feet and was sold in a closed transaction.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,700,000
- Loan Type: Bridge
- Lender: Hirshmark Capital - Jonathan Haber
- Landlord: Arben Selimaj
- Broker: Andy Weiss - Dansker Capital
The key individual representing the lender in the deal is Jonathan Haber from Hirshmark Capital. On the landlord side, Arben Selimaj played a significant role. The transaction was facilitated by broker Andy Weiss of Dansker Capital.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93