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Alma Bank Provides $1.6M Refinance Loan For Mixed-Use Property On 47-31 Vernon Boulevard, New York City

Property Image
FINANCED
$1,600,000

New York

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Mixed-use7,500 SF
Financed 12/08/2022
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Property Image
FINANCED

Alma Bank Provides $1.6M Refinance Loan For Mixed-Use Property On 47-31 Vernon Boulevard, New York City

47-31 Vernon Boulevard

See Similar Deals
Mixed-use7,500 SF
Financed 12/08/2022
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$213
Total Square Footage:7,500 SF
Transaction Type:Loan

Located at 47-31 Vernon Boulevard in New York City, this mixed-use property spans 7,500 square feet. The property was recently involved in a loan transaction.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,600,000
  • Loan Type: Refinance

The lender in this transaction was Alma Bank. The landlord, representing Benaim X Partners, was Eric Benaim.

Players

LENDER

Eric Benaim
8 deals$473.7M volume
LANDLORD

Details

FINANCED
IMAGE: Eric Benaim DATE: 12/08/2022 ADDRESS: 47-31 Vernon Boulevard MARKET: New York City ASSET TYPE: Mixed-Use ~ SF: 7,500 LENDER: Alma Bank LANDLORD: Benaim X Partners (@BenaimxPartners) - Eric Benaim (@EricBenaim) LOAN AMOUNT: $1,600,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,600,000.00

Monthly NOI$10,666.67
Monthly Debt Service$10,113.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00