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52 Stone Street, Manhattan,...

Hirshmark Capital Provides $4.1M Acquisition Loan For Mixed-Use Property On Stone St In FiDi
FINANCEDMixed-use

Hirshmark Capital Provides $4.1M Acquisition Loan For Mixed-Use Property On Stone St In FiDi

52 Stone Street, Manhattan, New York, NY, USA

$4,100,000

$546/SF

Building Size

7,500 SF

Asset Type

Mixed-use

Closing

Sep 15, 2021

AI

The mixed-use property located at 52 Stone St in the FiDi market has been involved in a recent transaction. The property spans approximately 7,500 square feet and features a combination of residential and commercial spaces.

Summary of Transaction Details

Leading the deal from the lender's side was Hirshmark Capital, providing a loan of $4,100,000 for the acquisition. Ronan Downs acted as the landlord in this transaction. On the brokerage side, Jake Soodek and Bert Dweck represented Hirshmark Capital, while Ahron Sussman served as the broker from Ariel Property Advisors. Together, they facilitated the successful completion of this property acquisition.

Players

Bert R. Dweck

Hirshmark Capital

Broker

$105.8M

vol

23 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Ronan Downs

Landlord

$10.4M

vol

2 deals

Landlord

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93