FINANCEDMixed-use
Alma Bank Provides $1.6M Refinance Loan For Mixed-Use Property On 47-31 Vernon Boulevard, New York City
47-31 Vernon Boulevard
$1,600,000
$213/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Dec 8, 2022
AI
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
New York City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93