Tanya Mighty Acquires Mixed-Use Property In Hells Kitchen With Mark Levin - $2.1M Loan From @HirshmarkCapital
510 9th Ave, New York, NY 10018, USA
$2,100,000
$184/SF
Building Size
11,400 SF
Asset Type
Mixed-use
Closing
Apr 23, 2020
AI
A mixed-use property located at 510 9th Avenue in Hells Kitchen has recently closed in a transaction. The property, spanning 11,400 square feet, consists of 24 units. The deal was facilitated by Mark Levin, who represented the buyer/seller/landlord/tenant (not specified in the CONTEXT). The transaction involved a loan amount of $2,100,000, with a loan term of 7.75%.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Square Footage: 11,400
- Address: 510 9th Avenue, Hells Kitchen
- Market: Hells Kitchen
- Units: 24
Tanya Mighty served as the landlord in this transaction. The loan for the deal was provided by Hirshmark Capital, with a loan term of 7.75%. Mark Levin, from an unspecified agency, acted as the broker representing one of the parties involved in the transaction.
Players
New York 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93