Flushing Bank Refinances Mixed-Use Property In Turtle Bay For $2.92M
336 East 53rd Street
$2,920,000
$258/SF
Building Size
11,300 SF
Asset Type
Mixed-use
Closing
Jul 26, 2022
About this deal
AI
A mixed-use property located at 336 East 53rd St. in Turtle Bay has recently undergone a refinancing transaction. The property spans approximately 11,300 square feet and features a combination of residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,920,000
- Address: 336 East 53rd St.
- Market: Turtle Bay
- Lender: Flushing Bank
- Broker: Jake Lapidot - Cooper-Horowitz
The refinancing deal was facilitated by Jake Lapidot from Cooper-Horowitz, representing the borrower. Flushing Bank acted as the lender in this transaction.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Jake Lapidot to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.43%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93