FINANCEDMixed-use
Alma Bank Provides $2.45M Refinance Loan For 47-30 Vernon Boulevard Mixed-Use Property - Eric Benaim
47-30 Vernon Boulevard
$2,450,000
$272/SF
Building Size
9,000 SF
Asset Type
Mixed-use
Closing
Dec 8, 2022
AI
Located at 47-30 Vernon Boulevard in New York City, the property involved in this transaction is a mixed-use asset. The deal, which closed on 12/07/2022, was a loan refinance.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,450,000
- Lender: Alma Bank
- Landlord: Benaim X Partners - Eric Benaim
- Loan Type: Refinance
- Market: New York City
Represented by Eric Benaim from Benaim X Partners, the landlord in this transaction secured a loan amount of $2,450,000 from Alma Bank to refinance the property.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93