Javeri Capital Secures $9.6M Loan For Mixed-Use Property In SoHo With Maxim Capital Group's Reps
255 Canal St, New York, NY 10013, USA
$5,500,000
$64/SF
Building Size
85,000 SF
Asset Type
Mixed-use
Closing
Jun 24, 2018
AI
The mixed-use property located at 33-35 Howard Street in SoHo has been involved in a recent closed transaction. The loan amount for this deal was $9,600,000. The property is situated in a prime location in the SoHo market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,600,000
- Address: 33-35 Howard Street
- Market: SoHo
The lender for this deal was Maxim Capital Group, represented by Jason Bordenick and Adam Glick. The landlord, Atit Javeri, represented Javeri Capital. The broker involved in this transaction was Jason Krane from Cushman & Wakefield.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93