Arbor Realty Trust Provides $5.3M Loan For Mixed-Use Property At 445 E. 78th Street In Lenox Hill
445 E 78th St, New York, NY 10075, USA
$5,296,000
$2,073/SF
Building Size
2,554 SF
Asset Type
Mixed-use
Closing
Mar 2, 2020
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,296,000
- Lender: Arbor Realty Trust
- Landlord: Izhaki Group
- Broker: Lenny Solinsky - Izhaki Group
The property involved in this transaction is located at 445 E. 78th Street in the Lenox Hill market. It is a mixed-use property, but no further details were provided regarding its characteristics or square footage.
The lender for this transaction is Arbor Realty Trust. The landlord is the Izhaki Group. Lenny Solinsky, representing the Izhaki Group, acted as the broker in this deal. No additional information about the transaction or individuals involved was provided.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93