ConnectOne Bank Provides $4.7M Loan For Mixed-Use Property In Noho
54 Great Jones Street, New York, NY, USA
$4,700,000
$5,446/SF
Building Size
863 SF
Asset Type
Mixed-use
Closing
Dec 30, 2020
About this deal
AI
ConnectOne Bank has provided a loan in the amount of $4,700,000 for the mixed-use property located at 350 Bowery and 54 Great Jones St. in Noho. The property is owned by Anthony Marano.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,700,000
- Date: 12/31/2020
- Address: 350 Bowery & 54 Great Jones St. @TheBoweryMarket 🍣 🍕 🥑 🍵
- Market: Noho
The loan was facilitated by Shoy Mcken and Yaakov Zar from LevCapital. LevCapital, the fastest growing CRE transaction firm in 2020, encourages individuals to experience their outstanding services in 2021.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Yaakov Zar 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93