Oren Evenhar Of Evenhar Development Secures $12 Million Refinance Loan From J.P. Morgan Chase For 53 Mercer Street
53 Mercer Street
$12,000,000
$1,538/SF
Building Size
7,801 SF
Asset Type
Mixed-use
Closing
Aug 3, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 53 Mercer Street in SoHo, Manhattan. The building features a combined square footage of 7,801 and comprises two units dedicated to residential and retail use.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,000,000
- Lender: J.P. Morgan Chase
- Landlord: Oren Evenhar - Evenhar Development
- Loan Type: Refinance
- Date: 08/03/2026
The refinancing transaction was facilitated by J.P. Morgan Chase through its Mercer Sunshine LLC entity, involving Oren Evenhar, who represents Evenhar Development in this deal. The focus of this transaction highlights the financial collaboration between the lender and the landlord in supporting the operation of the property.
On the Map
$12,000,000
$1,538/SF
Mixed-use
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Players
Mercer 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93