Kushner Companies Secures $16.3M Loan For Mixed-Use Property At 285 Lafayette St. In SoHo, Manhattan
285 Lafayette Street, New York, NY, USA
$16,300,000
$5,620/SF
Building Size
2,900 SF
Asset Type
Mixed-use
Closing
Mar 30, 2021
AI
The mixed-use property located at 285 Lafayette St. in SoHo has recently been involved in a closed transaction. The loan for this property was provided by Axos Bank for a total of $16,300,000. The property is owned by Kushner Companies, represented by Ben Curtiss and Laurent Morali.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,300,000
- Address: 285 Lafayette St.
- Market: SoHo
Assisting in the deal were Robert Verrone and Anthony D'Amelio from Iron Hound Management Co., serving as brokers for the transaction.
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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93