Hirshmark Capital Provides $2.8M Bridge Loan For Mixed-Use Property At 601 West 135th Street In New York City
601 West 135th Street
$2,800,000
$46/SF
Building Size
60,000 SF
Asset Type
Mixed-use
Closing
Jul 14, 2023
AI
A mixed-use property located at 601 West 135th Street in New York City was involved in a recent loan transaction. The property spans 60,000 square feet and is valued at an undisclosed amount.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,800,000
- Address: 601 West 135th Street
- Market: New York City
- Lender: Hirshmark Capital
- Landlord: Jason Snow
- Broker: Emil DePasquale - Black Bear Capital Partners
- Loan Type: Bridge
The loan transaction, facilitated by Bert R. Dweck of Hirshmark Capital, involved Jason Snow as the landlord and Emil DePasquale of Black Bear Capital Partners serving as the broker. The loan amount for this bridge loan was $2,800,000.
Players
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93