Spring Bank & Cornerstone Capital Of NY Refinance $4M Loan For Mixed-Use Property On W. 46th St. In Manhattan
FINANCED
$4,000,000
New York
See Similar DealsMixed-use4,709 SF
Financed
FINANCED
Spring Bank & Cornerstone Capital Of NY Refinance $4M Loan For Mixed-Use Property On W. 46th St. In Manhattan
369 West 46th Street, New York City, New York 10036, United States
See Similar DealsMixed-use4,709 SF
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$849
Total Square Footage:4,709 SF
Transaction Type:Loan
A mixed-use property located at 369 W. 46th St. in Manhattan has been involved in a closed transaction. The property has a total square footage of 4,709 and is situated in the Manhattan market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Lender: Spring Bank & Cornerstone Capital of NY - Russell Nova, Alex Nemirovsky & Igor Zakh
- Landlord: James Roth Glenn
- Loan Type: Refinance
- Loan Terms: 5 Year Fixed, 30 Year Term
The deal was facilitated by Russell Nova, Alex Nemirovsky, and Igor Zakh from Spring Bank & Cornerstone Capital of NY. James Roth Glenn served as the landlord in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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