George Makkos Secures $21.5M Refinancing Loan For SoHo Mixed-Use Properties
67 Greene Street New York, New York 10012, USA
$21,500,000
$1,008/SF
Building Size
21,321 SF
Asset Type
Mixed-use
Closing
May 25, 2023
About this deal
AI
George Makkos secured a $21.5 million refinancing loan from T30 Capital, facilitated by Forthill Makkos Holders, LLC. The loan covers two mixed-use properties in SoHo, Manhattan, including a four-unit building at 67 Greene Street and a three-unit building at 65 Greene Street. The total building square footage is 21,321, with a buildable square footage of 25,650.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $21,500,000
- BSF: 25,650
- SF: 21,321
- Address: 67 Greene Street & 65 Greene Street, SoHo, Manhattan
- Lender: T30 Capital - David Schwartz
- Landlord: George Makkos
- Loan Type: Refinance
David Schwartz, representing T30 Capital, facilitated the $21.5 million refinancing loan for George Makkos. The loan covers two mixed-use properties in SoHo, Manhattan, specifically a four-unit building at 67 Greene Street and a three-unit building at 65 Greene Street.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93