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601 West 135th Street

Hirshmark Capital Provides $2.8M Bridge Loan For Mixed-Use Property At 601 West 135th Street In New York City
FINANCEDMixed-use

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

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

Emil DePasquale

Black Bear Capital Partners

Broker

$2.2B

vol

91 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

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