Apple Bank Refinances Mixed-Use Property In Hudson Heights For $9.5M
FINANCED
$9,500,000
New York
See Similar DealsMixed-use
Financed 09/30/2020
FINANCED
Apple Bank Refinances Mixed-Use Property In Hudson Heights For $9.5M
454 Fort Washington Ave, New York, NY 10033, USA
See Similar DealsMixed-use
Financed 09/30/2020
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 454/455/461 Ft Washington Avenue in Hudson Heights has recently undergone a refinancing deal. The loan was provided by Apple Bank for a total amount of $9,500,000. The property is owned by Gershon & Co., with Robert Gershon acting as the landlord. The transaction was facilitated by Simon Rosenfeld from Meridian Capital Group.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $9,500,000
- Address: 454/455/461 Ft Washington Avenue
- Market: Hudson Heights
Simon Rosenfeld from Meridian Capital Group played a crucial role as the broker in this refinancing deal. With his expertise and representation, the transaction was successfully completed. This demonstrates the importance of having knowledgeable professionals in real estate transactions.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,500,000.00
Monthly NOI$63,333.33
Monthly Debt Service$60,046.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions