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1 Saint Mark's Place, New Y...

Parkview Financial Provides $70 Million Construction Loan For Mixed-Use Property In Greenwich Village
FINANCEDMixed-use

Parkview Financial Provides $70 Million Construction Loan For Mixed-Use Property In Greenwich Village

1 Saint Mark's Place, New York City, New York 10003, United States

$70,000,000

$1,154/SF

Building Size

60,661 SF

Asset Type

Mixed-use

Closing

Jun 2, 2022

AI

The mixed-use property located at 1 & 3 St. Marks Place in Greenwich Village, Manhattan, was recently involved in a closed transaction. The property spans a total of 60,661 square feet and features a combination of residential and commercial spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Date: 06/03/2022
  • Image: Paul Rahimian
  • Market: Greenwich Village, Manhattan
  • Loan Amount: $70,000,000
  • Lender: Parkview Financial - Paul Rahimian
  • Landlord: Real Estate Equities Corporation
  • Broker: Anthony Ledesma - Hodges Ward Elliott

The loan for this transaction was provided by Parkview Financial, with Paul Rahimian overseeing the lending process. The landlord in this deal was Real Estate Equities Corporation. Anthony Ledesma from Hodges Ward Elliott represented the parties involved as the broker.

Players

Anthony Ledesma

DIA Capital Group

Broker

$1.7B

vol

17 deals

Broker
Parkview Financial
Parkview FinancialLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93