Northwind Group Acquires Mixed-Use Property In SoHo For $10.1M Loan
78 Grand St, Manhattan, New York, NY, USA
$10,900,000
$910/SF
Building Size
11,975 SF
Asset Type
Mixed-use
Closing
Nov 13, 2019
About this deal
AI
Ran Eliasaf and Adrian Edery closed a loan transaction in SoHo on November 14, 2019. The mixed-use property, located at 78 Grand St & 40 Wooster St, was involved in the deal. The loan amount for the transaction was $10,100,000 / $10,900,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,100,000 / $10,900,000
- Market: SoHo
- Lender: Ladder Capital
- Landlord: Northwind Group - Ran Eliasaf
- Broker: Adrian Edery - Paradigm Commercial Real Estate
Ran Eliasaf, representing Northwind Group, and Adrian Edery from Paradigm Commercial Real Estate, played key roles in closing the deal. Further details regarding the transaction are not available.
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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93