HKS Real Estate Advisors Arranges $4.5M Refinance Loan For Mixed-Use Property In Manhattan
FINANCED
$4,500,000
New York
See Similar DealsMixed-use16,700 SF
Financed 07/14/2023
FINANCED
HKS Real Estate Advisors Arranges $4.5M Refinance Loan For Mixed-Use Property In Manhattan
425 E 6th St New York, NY 10009, USA
See Similar DealsMixed-use16,700 SF
Financed 07/14/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$269
Total Square Footage:16,700 SF
Transaction Type:Loan
A mixed-use property located at 425 & 543 East 6th Street in Manhattan has recently undergone a refinancing transaction. This property spans approximately 16,700 square feet and consists of 28 units. The transaction involved a loan amount of $4,500,000 provided by Modern Bank.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,500,000
- Address: 425 & 543 East 6th Street, Manhattan
- Size: 16,700 square feet
- Units: 28
The broker responsible for facilitating the refinancing deal was Michael Lee from HKS Real Estate Advisors. Through their expertise and negotiation skills, Michael Lee ensured a successful transaction for the involved parties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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