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4250 Broadway, Manhattan, N...

Ashkenazy Acquisition Corp Refinances Mixed-Use Property At 4250 Broadway In Manhattan With $28.8M Loan From Silverpeak Argentic
FINANCEDMixed-use

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

Daniel Fromm

Newmark

Broker

$5.3B

vol

82 deals

Broker
Daniel Levy

Daniel Levy

Landlord

$122.2M

vol

9 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93