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53 Stone Street

BEB Capital Provides $9M Acquisition Loan For Mixed-use Property On Stone Street
FINANCEDMixed-use

BEB Capital Provides $9M Acquisition Loan For Mixed-use Property On Stone Street

53 Stone Street

$9,000,000

$612/SF

Building Size

14,698 SF

Asset Type

Mixed-use

Closing

Jul 14, 2023

AI

A mixed-use property located at 53-55 Stone Street in New York City has been involved in a recent loan transaction. The property spans approximately 14,698 square feet and is situated in a prime location in the city.

Summary of transaction details

  • Property Type: Mixed-use
  • Loan Amount: $9,000,000
  • Loan Type: Acquisition
  • Lender: BEB Capital - Sean Silverbrook, Keyvan Ghaytanchi & Lee Brodsky

BEB Capital, represented by Sean Silverbrook, Keyvan Ghaytanchi, and Lee Brodsky, provided a loan of $9,000,000 for the acquisition of the mixed-use property on Stone Street. The loan will support the buyer in their acquisition efforts and enable them to utilize the property for their intended purposes.

Players

Sean Silverbrook

BEB Capital

Lender

$71.9M

vol

15 deals

Lender
BEB Capital
BEB Capital Lender

Market 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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93