Morgan Stanley Refinances Mixed-Use Property In Tribeca, Manhattan For $5.55M
FINANCED
New York
See Similar DealsMixed-use3,868 SF
Financed 02/28/2022
FINANCED
Morgan Stanley Refinances Mixed-Use Property In Tribeca, Manhattan For $5.55M
35 Walker Street, New York City, New York 10013, United States
See Similar DealsMixed-use3,868 SF
Financed 02/28/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,434
Total Square Footage:3,868 SF
Transaction Type:Loan
Located at 35 Walker St. in Tribeca, Manhattan, this mixed-use property spans 3,868 square feet. The transaction took place on 02/28/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,550,000
- Loan Type: Refinance
- Loan Terms: 3.6% interest, 10-year full term, interest only
The loan for this property was provided by Morgan Stanley, with John Porter serving as the lender's representative. Stephen Youdeem is the landlord of the property. The deal was facilitated by brokers Jonathan Aghravi, Charles Han, Tim Cox, and Eli Terry from JBA Equities LLC.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,550,000.00
Monthly NOI$37,000.00
Monthly Debt Service$35,079.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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