PCSB Bank Provides $4.45M Loan For Mixed-Use Property At 534 East 14th Street In Alphabet City, East Village
FINANCED
$4,450,000
New York
See Similar DealsMixed-use724 SF
Financed 03/24/2020
FINANCED
PCSB Bank Provides $4.45M Loan For Mixed-Use Property At 534 East 14th Street In Alphabet City, East Village
534 E 14th St, New York, NY 10009, USA
See Similar DealsMixed-use724 SF
Financed 03/24/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$6,146
Total Square Footage:724 SF
Transaction Type:Loan
The mixed-use property located at 534 East 14th Street in Alphabet City, East Village has been involved in a closed transaction. The property is owned by Albert Dweck, who represents Duke Properties. The loan for this transaction was provided by PCSB Bank, with a total amount of $4,450,000. The property encompasses a total area of 7,246 square feet and consists of 15 residential units (14 studios and 1 one-bedroom unit), as well as 2 ground floor retail units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,450,000
- Square Footage: 7,246
- Units: 15 (14 studios, 1 one-bedroom)
Albert Dweck, representing Duke Properties, acted as the owner/landlord in this transaction. The loan was provided by PCSB Bank.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,450,000.00
Monthly NOI$29,666.67
Monthly Debt Service$28,127.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions