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Dilmanian Family Secures $5.2M Refinance Loan From Hirshmark Capital For Chelsea Mixed-Use Property

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FINANCED
$5,200,000

New York

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Mixed-use12,000 SF
Financed 06/04/2025
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Property Image
FINANCED

Dilmanian Family Secures $5.2M Refinance Loan From Hirshmark Capital For Chelsea Mixed-Use Property

457 West 17th Street

See Similar Deals
Mixed-use12,000 SF
Financed 06/04/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$433
Total Square Footage:12,000 SF
Transaction Type:Loan

The property asset involved is a mixed-use building located at 457 West 17th Street in the Chelsea market. The total square footage of the property is 12,000, and the transaction includes a refinance loan amount of $5,200,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,200,000
  • Lender: Hirshmark Capital
  • Lender's Representative: Jake Soodek
  • Landlord: Dilmanian Family
  • Landlord's Representative: Chaim Greenfeld - Eastdil Secured
  • Loan Type: Refinance
  • Date of Transaction: 6/4/2025

Key individuals involved in the deal include Jake Soodek, who represents Hirshmark Capital in the financing, and Chaim Greenfeld from Eastdil Secured, representing the Dilmanian Family as the landlord. Their roles are significant in facilitating the terms of the refinance agreement.

Players

Chaim Greenfeld
8 deals$152.8M volume
BROKER

Eastdil Secured
BROKERAGE


Details

FINANCED
IMAGE: Jake Soodek DATE: 6/4/2025 ADDRESS: 457 West 17th Street MARKET: Chelsea ASSET TYPE: Mixed-use ~ SF: 12,000 LENDER: Hirshmark Capital (@HirshmarkCapital) - Jake Soodek (@JakeSoodek) LANDLORD: Dilmanian Family LANDLORD'S REP: Chaim Greenfeld - Eastdil Secured (@EastdilSecured) LOAN AMOUNT: $5,200,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,200,000.00

Monthly NOI$34,666.67
Monthly Debt Service$32,867.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00