Bank Of Oklahoma Provides $21M Refinance Loan For Mixed-Use Properties In New York City
252 West 38th Street, 262 West 38th Street & 165 Madison Ave,New York, Ny 10016
$21,000,000
$35/SF
Building Size
200,000 SF
Asset Type
Mixed-use
Closing
Jan 4, 2023
About this deal
AI
The loan transaction involves three properties located at 252 West 38th Street, 262 West 38th Street, and 165 Madison Ave in New York City. The mixed-use assets have a total square footage of 200,000 and were part of a refinance deal.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $21,000,000
- Lender: Bank of Oklahoma
- Landlord: Silver Eight Capital - Alan Silberman & Guillermo Silberman
The lender in the deal is the Bank of Oklahoma, providing a loan amount of $21,000,000 for the refinance. On the landlord side, Silver Eight Capital, represented by Alan Silberman & Guillermo Silberman, is involved in the transaction.
On the Map
$21,000,000
$35/SF
Mixed-use
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Players
New York City 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93