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
$28,800,000
$345/SF
Building Size
83,256 SF
Asset Type
Mixed-use
Closing
Apr 1, 2018
AI
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.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93