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37 Orchard Street

Ali Tabrizi David Khaloyan Benjamin Esshaghian Of EKT Equities Secures $4.55M Bridge Loan
FINANCEDMixed-use

Ali Tabrizi David Khaloyan Benjamin Esshaghian Of EKT Equities Secures $4.55M Bridge Loan

37 Orchard Street

$4,550,000

$529/SF

Building Size

8,600 SF

Asset Type

Mixed-use

Closing

May 7, 2025

AI

The property asset involved in the transaction is located at 37 Orchard Street in the Lower East Side market. This mixed-use asset spans 8,600 square feet and comprises 16 units. The involved loan amount is $4,550,000, classified as a bridge loan.

Summary of transaction details:

The key individuals involved in this transaction include Nir Mor from Hanover Capital NY, representing the lending side, and Ali Tabrizi, David Khaloyan, and Benjamin Esshaghian from EKT Equities as the landlords. The brokerage team from Meridian Capital Group consists of David Oheb, Morgan Ben-Moshe, Max Jacobson, and Dorian Aftalion, who facilitated the transaction.

Players

David Oheb
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David Oheb

Meridian Capital Group

Broker

$821.5M

vol

77 deals

Broker

Ali Tabrizi

Landlord

$63.1M

vol

14 deals

Landlord

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93