Ashkenazy Acquisition Corp Refinances Mixed-Use Property At 4250 Broadway In Manhattan With $28.8M Loan From Silverpeak Argentic
FINANCED
$28,800,000
New York
See Similar DealsMixed-use83,256 SF
Financed 04/02/2018
FINANCED
Ashkenazy Acquisition Corp Refinances Mixed-Use Property At 4250 Broadway In Manhattan With $28.8M Loan From Silverpeak Argentic
4250 Broadway, Manhattan, NYC, NY, USA
See Similar DealsMixed-use83,256 SF
Financed 04/02/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$345
Total Square Footage:83,256 SF
Transaction Type:Loan
4250 Broadway, a mixed-use property located in Manhattan, has recently undergone a loan transaction. The loan, valued at $28,800,000, has been provided by Silverpeak Argentic. The purpose of the loan is to refinance existing debt and facilitate the execution of the owner's business plan.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $28,800,000
- Address: 4250 Broadway, Manhattan
- Market: Manhattan
Key individuals and companies involved in this transaction include the landlord, Ashkenazy Acquisition Corp represented by Ben Ashkenazy & Dan Levy. The broker, Daniel Fromm from NKF Capital Markets, played a crucial role in facilitating the loan.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,800,000.00
Monthly NOI$192,000.00
Monthly Debt Service$182,035.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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