Morgan Stanley Refinances Mixed-Use Property In Tribeca, Manhattan For $5.55M
35 Walker Street, New York City, New York 10013, United States
$5,550,000
$1,434/SF
Building Size
3,868 SF
Asset Type
Mixed-use
Closing
Feb 27, 2022
AI
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
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93