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
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