Hirshmark Capital Provides $10.6M Loan For Office & Resi Investment Condos In Manhattan
27 East 21st Street, 2211 Broadway
$10,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 20, 2020
About this deal
AI
A package deal for office and residential investment condos located at 27 East 21st Street, 2211 Broadway 11H, 515 East 72nd Street, and 404 East 76th Street in Manhattan has been closed. The transaction took place on 12/21/2020.
Summary of transaction details:
- Property Type: Package Deal - Office & Resi Investment Condos
- Loan Amount: $10,600,000
- Lender: Hirshmark Capital
- Landlord: Ruth Shomron
- Broker: Igor Vaysberg - @HirshmarkCapital
Hirshmark Capital provided a loan of $10,600,000 for the package deal. The landlord in this transaction is Ruth Shomron. The broker representing the deal is Igor Vaysberg from Hirshmark Capital.
On the Map
$10,600,000
Mixed-use
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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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93