Aya Management Secures $23 Million Refinance Loan From BMO For Mixed-Use Property In Hell's Kitchen
321 West 42nd Street, 323 West 42nd Street & 325 West 42nd Street
$21,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 27, 2025
About this deal
AI
This transaction involves a mixed-use property located at 321 West 42nd Street, 323 West 42nd Street, and 325 West 42nd Street in the Hell’s Kitchen market of Manhattan. The landlord for this asset is Aya Management, and the loan amount secured for refinancing is $23,000,000 with terms set at a 7.5 Debt Yield.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $23,000,000
- Lender: BMO (Bank of Montreal)
- Landlord: Aya Management
- Broker: Nate Hyman - Polaris Funding
- Loan Type: Refinance
- Loan Terms: 7.5 Debt Yield
Nate Hyman of Polaris Funding represents the landlord in this refinancing deal, facilitating the transaction with BMO (Bank of Montreal) as the lender. This partnership lays the foundation for the financial restructuring of the properties involved.
On the Map
$21,000,000
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93