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:
- Property Type: Mixed-use
- Transaction Amount: $4,550,000
- Address: 37 Orchard Street
- Market: Lower East Side
- Asset Size: 8,600 SF
- Units: 16
- Lender: Nir Mor - Hanover Capital NY
- Landlord: Ali Tabrizi, David Khaloyan & Benjamin Esshaghian - EKT Equities
- Brokers: David Oheb, Morgan Ben-Moshe, Max Jacobson & Dorian Aftalion - Meridian Capital Group
- Loan Type: Bridge
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
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