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
About this deal
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.
The mixed use loan at 47-31 Vernon Boulevard in New York City, New York financed for $1.6M in 2022. The building is 7,500 square feet, implying about 213 per square foot on the published price. Eric Benaim, Modern Spaces appear on the loan alongside Modern Spaces. This page is the New York City, New York file for the 47-31 Vernon Boulevard mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York City sit in the Market section below. Filter that New York City mixed use set by closing date to see what else financed near 47-31 Vernon Boulevard around 2022. Published consideration for 47-31 Vernon Boulevard is $1.6M, dated 2022. Cite this Alma Bank Provides $1.6M Refinance Loan For Mixed-Use Property On 47-31 Vernon Boulevard, New York City loan when underwriting similar mixed use product around New York City, New York.
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