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Kano Real Estate Secures $31M Loan For Mixed-Use Properties In West Village

Property Image
FINANCED
$31,000,000

New York

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Mixed-use4,914 SF
Financed 12/30/2019
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Property Image
FINANCED

Kano Real Estate Secures $31M Loan For Mixed-Use Properties In West Village

243 Bleecker St, New York, NY 10014, USA

See Similar Deals
Mixed-use4,914 SF
Financed 12/30/2019
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$6,308
Total Square Footage:4,914 SF
Transaction Type:Loan

The recent closed property transactions in West Village included multiple mixed-use assets at various locations. One of the properties involved in the deal is located at 243 Bleecker Street, which was part of the transaction. The deal also included another property at 56 Spring Street, as well as 233 1st Avenue, 819 Sixth Avenue, and 500 Hudson Street. These assets offer a diverse range of uses, catering to different commercial and residential needs.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $31,000,000
  • Loan Amount: $31,000,000
  • Units: 29

The lender involved in this transaction was Israel Discount Bank. Kano Real Estate, represented by Noam Shemel, acted as the landlord for these properties. The deal was facilitated by brokers Justin Boruchov and Morris Betesh from the Meridian Capital Group. Their expertise and negotiation skills played a crucial role in bringing all parties together and finalizing the deal successfully.

Players

Justin Boruchov
13 deals$510.5M volume(212) 612-0134
BROKER

Morris Betesh
Arrow Real Estate Advisors
211 deals$12.3B volume(646) 825-7005
BROKER

Meridian Capital Group
BROKERAGE

Details

FINANCED
IMAGE: Noam Shemel DATE: 12/30/2019 ADDRESS: 243 Bleecker Street, 56 Spring Street, 233 1st Avenue, 819 Sixth Avenue, 500 Hudson Street MARKET: West Village ASSET TYPE: Mixed-use LENDER: Israel Discount Bank – דיסקונט בנק LANDLORD: Kano Real Estate – Noam Shemel BROKERS: Justin Boruchov & Morris Betesh – Meridian Capital Group LOAN AMOUNT: $31,000,000 UNITS: 29

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,000,000.00

Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00