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285 Lafayette Street, New Y...

Kushner Companies Secures $16.3M Loan For Mixed-Use Property At 285 Lafayette St. In SoHo, Manhattan
FINANCEDMixed-use

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

Robert Verrone

Iron Hound Management Company

Broker

$5.9B

vol

31 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Axos Bank
Axos BankLender
Laurent Morali

Laurent Morali

Kushner Companies

Landlord

$2.5B

vol

18 deals

Landlord
Kushner Companies
Kushner CompaniesLandlord

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